Answer:
Cash $725200 Dr
Loss on Sale-Factoring $14800 Dr
Accounts receivable $740000 Cr
Explanation:
When factoring is done, the company actually sells its receivables and receives cash from the firm buying the accounts receivables. The factoring or buying firm will also charge a % fee that the selling firm will record as a loss in its accounts.
The cash received on factoring of this arrangement is 740000 * 0.98 = 725200
The loss on sale is 740000 * 0.02 = 14800
Thus the company will debit the cash that it is receiving and debit the loss on sale as it is an expense which is increasing. The accounts receivables will be credit from the books as they no longer belong to Pharaoh
Answer:
The correct answer is letter "D": Payments or adjustments to the original obligations.
Explanation:
Research Development Test & Evaluation (RDT&E) funds are dedicated to cover costs of specific research, development, testing and assessment activities. Once deadlines to present the research are due, the funds can be directed to maintenance of laboratories or any other payment or adjustment besides the initial purpose of that money.
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8 Marketing Skills Training July 19, 2012 July 20, 2012
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10 Enhancing Supervisory and Leadership Skills - - (sorry that’s all I got) :(
Expansionary policy boosts the economy in the short run but not the long run.
Option A
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Explanation:
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Germany was considered one of the richest countries before World War 1. Their economy was very steady and there is no match for them among countries.
Due to the effect of World War 1 the country was into hyperinflation and all the prices of perishable things and food items has increased at a very fast pace. To balance the inflation they applied Expansionary monetary policy which uses the central bank to print money to stimulate the economy.
The increase in supply of printed money will ease out the lending rates and it will boost the economy.
