1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
muminat
3 years ago
12

Vaughn Manufacturing assigned $1606000 of accounts receivable to Cullumber Company as security for a loan of $1342000. Cullumber

charged a 3% commission on the amount of the loan; the interest rate on the note was 11%. During the first month, Vaughn collected $459000 on assigned accounts after deducting $1550 of discounts. Vaughn accepted returns worth $5300 and wrote off assigned accounts totaling $11880. Entries during the first month would include a
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

Entries during the first month would include the following:

Account Title                                 Debit      Credit

Interest Expenses                      $40,260

(1342000*3%)

       Kwik                                                        $40,260

Cash                                             $459,000

Discount                                       $1,550

       Account Receivable                                $460,550

Sales Return                                 $5,300

         Account Receivable                               $5,300

Allowances for Doubtful Debt     $$11,880

        Account Receivable                                 $$11,880

You might be interested in
Center Chemical Company's Industrial Division makes 400,000 gallons of rubbing alcohol each year and has enough capacity to manu
Fittoniya [83]

Answer:

cost-based transfer pricing

Explanation:

If the firm uses negociated rtansfer pricing they will stablish the transfer price based on manager bargain skill and leverage of each division. The CEO will not a grip on controlling cost across all dvisions, the managers will.

Therefore the best option is to go with a cost-based transfer pricing. The CEO can determinatethe method to determinate the cost and indriectly the cost across all divisions.

5 0
3 years ago
The freedom to make your own decisions can be limited if the business you choose is a A. home-based business. B. franchise. C. w
Allisa [31]
The answer is franchise
7 0
3 years ago
Grateful Eight Co. is expected to maintain a constant 4.6 percent growth rate in its dividends indefinitely. If the company has
ad-work [718]

Answer:

11%

Explanation:

To address this exercise, we need to recall the formula for dividend discounted model (DDM). The DDM is stated as below:

Stock intrinsic value = Next year dividend/(Required rate of return - Long term growth)

Rearrange a bit this formula, we have:

Next year dividend/Stock intrinsic value = Required rate of return - Long term growth, or

Dividend yield = Required rate of return - Long term growth

Putting all the number together, we have:

6.4% = Required rate of return - 4.6% or Required rate of return = 11%

7 0
3 years ago
John Montgomery Ward founded the first baseball players union to fight what practice(s) by baseball team owners? A. Salary caps
cestrela7 [59]

Answer:

D. All of these are correct

Explanation:

John ohn Montgomery Ward was a first sports player who is a professional and baseball league.

Here the practices that should be considered by basketball team owners are as follows

a. Salary caps

b. Profit sharing is not considered

c. Reserve system of basketball

Hence, the correct option is D

Thus, all the options are correct

8 0
3 years ago
What kinds of questions does an operations manager who is responsible for operational-level planning address
Gala2k [10]

The type of questions an operations manager responsible for operational-level planning addresses are related to the amount of inventory units for a given product that he must order.

<h3 /><h3>Operational planning</h3>

It is at this level where the methods and processes responsible for the correct functioning of the company are defined, fulfilling all the tasks foreseen. It comprises the short term, about up to 1 year in duration.

Therefore, an operations manager who develops operational planning must be aware of organizational needs in relation to its operations, valuing quality, reliability, speed and better costs.

The correct answer is:

  • How many units of stock for product X should I order?

Find out more information about operational planning here:

brainly.com/question/5938153

6 0
2 years ago
Other questions:
  • Encouraging Ethical Conduct: Did Johnson openly acknowledge that his decision was based in ethics and morality? Did his apology
    14·1 answer
  • What way of calculating ROI makes it easiest to compare investments?
    15·2 answers
  • The existing balance in the Allowance for Doubtful Accounts is considered in computing bad debt expense when using the percentag
    10·1 answer
  • Strategy-making is
    13·1 answer
  • Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flowe
    12·1 answer
  • Q.2Tullahoma Company purchased equipment for $27,500. It depreciated the equipment over a fiveyear life by the double-declining-
    9·1 answer
  • Giada is at an extracurricular activity fair for her high school and is trying to decide which clubs to join. Her hobbies includ
    12·1 answer
  • How will food delivery like deliveroo engage with local community​
    14·1 answer
  • Zeron Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinar
    6·1 answer
  • The fed’s efforts to manage interest rates and thus the availability of credit is known as?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!