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guapka [62]
3 years ago
10

At the end of June, the Marquess Company factored $200,000 in accounts receivable with Homemark Finance. Homemark immediately re

mitted to Marquess cash equal to 90% of the factored amount. Factor will remit the excess to Marquess, an the remaining receivables has the estimated fair value of $15,000. The transfer is made without recourse. Homemark charges a fee of 3% of receivables factored. What amount of loss on sale of receivables would Marquess record in June?
a. $6,000.
b. $4.500.
c. $1,500.
d. $0.
Business
1 answer:
sladkih [1.3K]3 years ago
8 0

Answer:

a. $6,000

Explanation:

Calculation to determine What amount of loss on sale of receivables would Marquess record in June

Using this formula

Loss on sale of receivables=Accounts receivable factored *Fee percentage of receivables factored

Let plug in the formula

Loss on sale of receivables =$200,000 × 3%

Loss on sale of receivables = $6,000

Therefore the amount of loss on sale of receivables that Marquess would record in June is $6,000

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Answer:

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Explanation:

It is given that :

Cost of the company's stock per share = $ 90

The required return on the stock is = 15 %

Therefore, the dividend yield = $\frac{9}{2}=4.5$

We known that

$\frac{\text{dividend in one year}}{\text{current price}}=0.045$

$D_1=0.045 \times 90$

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The current dividend is,

$D_0= \frac{4.05}{1.045}$

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7 0
3 years ago
Indicate the effect that the following will have on the operating cycle. Use the letter "I" to indicate an increase, the letter
sveta [45]

Answer: a. Increase

b. Increase

c. Decrease

d. No change

e. Decrease

f. No change

Explanation:

The Operating cycle refers to the amount of time it will take a business to source or produce inventory, sell that inventory and then receive the money for the sold inventory.

a. If the Average Receivables goes up, then that means there are more people to collect money from. This will increase the amount of time it will take to collect thereby increasing the operating cycle.

b. If the credit repayment times for the customers are increased, this means that the time they have to take to pay the company increases and this will definitely increase the Operating cycle.

c. If the inventory turnover increases, it means that inventory is being purchased more times in the period. This means that the operating cycle has decreased because the company is having to replace inventory more to begin a new cycle.

d.  The Payables turnover rate does not feature in the operating cycle so no effect will be recorded.

e. If the Receivables turnover rate increases, it means that the company is getting paid by receivables faster. This will decrease the operating cycle because it means that the business is receiving its money faster.

f. Payments to suppliers is just another way of saying Account Payables and as stated already, it has nothing to do with the Operating Cycle so No effect will be recorded.

6 0
3 years ago
Ashley wants to increase the profits of her e-business. what two ways can be used to accomplish her goal of increasing profits?
olga55 [171]
<span>i think that increase the inventory is the best option because is more posible a opportunity to sell when there are a lot to sell</span>
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Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. the unemployment rate is approximately <u>17 % .</u>

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Solutions to unemployment crisis in India -

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Learn more about unemployment

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3 0
2 years ago
What's microeconomy​
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3 0
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