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3 years ago

As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $100,000 now.

Business

1 answer:

Shkiper50 [21]3 years ago

7 0

answer

c i don't need to explain I'd take c

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Marin Corp. factors $441,000 of accounts receivable with Headland Finance Corporation on a without recourse basis on July 1, 202

Kaylis [27]

Answer:

Debit Cash for $406,602; Debit Finance charge for $7,938; Debit Loss on sale of receivables for 26,460; and Credit Accounts receivable for $441,000.

Explanation:

Before preparing the journal entry, the following calculations are made firs:

Finance charge = Percentage of finance charge * Accounts receivable = 1.80% * $441,000 = $7,938

Loss on sale of receivables = Percentage retained * Accounts receivable = 6% * $441,000 = $26,460

Cash = Accounts receivable - Finance charge - Loss on sale of receivables = $441,000 - $7,938 - $26,460 = $406,602

The journal entry will now look as follows:

Date Details Debit ($) Credit ($)

01 Jul '20 Cash 406,602

Finance charge 7,938

Loss on sale of receivables 26,460

Accounts receivable 441,000

(To record factoring of accounts receivable.)

6 0

3 years ago

Mrs. Hanson has 2 pies for a party. She calculates that if she splits the pies evenly among the guests, they will each receive

LiRa [457]

Answer:

16 guests

Explanation:

If each guest is getting 1/8 of a pie, it means one pie is being divided into eight parts. One part is 1/8. One pie will be served to eight guests.

Two pies will be sufficient for 2x 8 = 16 guests.

7 0

3 years ago

"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transacti

Delicious77 [7]

Answer:

The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.

Explanation:

In the given case, we know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:

Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.

As this is beneficial to the both the branch manager and the customer.

8 0

3 years ago

Difinition of effective communication

Tomtit [17]

The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)

7 0

3 years ago

Straitway Company encourages its managers to behave ethically, reasoning that the employees will take their cues from management

inna [77]

Answer:

Demonstrate a commitment to ethical decision making

Explanation:

The most important way to maintain ethical behavior at workplace for management is to demonstrate a commitment to ethical decision making. Because it is the management who can commit to demonstrate ethical decision making which will encourage the employees to behave similarly which is ethically and hence the workplace environment will become ethical.

3 0

3 years ago

Read 2 more answers