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3 years ago

#GOTEEM

Business

2 answers:

lawyer [7]3 years ago

6 0

You forgot the HA 1010101110001010

Svet_ta [14]3 years ago

3 0

Answer:

What does that mean?

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Wildhorse Corporation factors $266,800 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kat

Blababa [14]

Answer:

Denit Cash for $250,792; Debit Due from factors for $10,672; Debit Loss on Sale of receivables for $9,986; Credit Recourse liability for $4,650; and Credit Accounts receivable for $266,800.

Explanation:

The following are calculated first before preparing the journal entry:

Cash received = Factored amount * (100% - Finance charge percentage - Percentage reserved for probable adjustments) = $266,800 * (100% - 2% - 4%) = $250,792

Due from factors = Factored amount * Percentage reserved for probable adjustments = $266,800 * 4% = $10,672

Loss on Sale of receivables = (Factored amount * Finance charge percentage) + Fair value of recourse liability = ($266,800 * 2%) + $4,650 = $9,986

The journal entry will now appear as follows:

Date Account Titles and Explanation Debit ($) Credit ($)

15 Aug 2014 Cash 250,792

Due from factors 10,672

Loss on Sale of receivables 9,986

Recourse liability 4,650

Accounts receivable 266,800

(To record the sale of receivables.)

5 0

3 years ago

When the economy is growing, total output is _____ and total income is _____.

arsen [322]

Increasing ,increasing
the reason is that when the economy is growing more money is flowing ,unemployment is decreasing so more goods and services are produced ,as a result of low unemployment ,more consumption and total output increasing total income is increasing

8 0

3 years ago

Read 2 more answers

Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $70, and the premium is $4. If, at exp

valina [46]

Answer:

$5,600

Explanation:

The computation of the call options worth is shown below:

= (Stock selling price - strike price) × size × number of contracts purchased

= ($77 per share - $70 per share) × 100 × 8 call contracts

= $7 per share × 100 × 8 call contracts

= $5,600

We assume the size is 100

All other information which is given is not relevant. Hence, ignored it

5 0

3 years ago

Which measure assesses the profit of an Investment over time by taking Inflation and other costs into account?

Dafna11 [192]

Ill get back to you

7 0

3 years ago

Short Grass Incorporated is a distributor of golf balls. Martin's Golf Supplies is a local retail outlet which sells golf balls.

Marat540 [252]

Short Grass Incorporated's economic order quantity is 4,602 balls or 64 cartons.

Data and Calculations:

Cost per ball = $1.15

Balls per cartoon = 72

Annual demand = 158,520

Weekly demand = 3,891 balls

The number of cartoons demanded per year = 2,202 (158,520/72)

Earnings on cash investments = 8%

Purchase-order lead time = 1 week

Ordering costs per purchase order = $128,000

Handling costs = $1,916 ($0.87 x 2,202)

The economic order quantity (EOQ) = square root of (2 x Demand x Ordering costs)/Handling costs

= square root of (2 x 158,520 x $128,000)/$1,916

= square root of (21,180,125)

= 4,602 balls or 64 cartons

Thus, the economic order quantity is 4,602 balls or 64 cartons.

Learn more: brainly.com/question/14625177

6 0

2 years ago