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3 years ago

What is "recourse" as it relates to selling receivables?

Business

1 answer:

Inga [223]3 years ago

5 0

The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.

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If you invest P dollars and you want the investment to grow to A dollars in t years, the interest rate that must be earned if in

hoa [83]

Answer: 18.92%

Explanation:

The formula to find the compound amount :-

$A=P(1+r)^t$ , where P is the Principal amount, r is the rate of interest and t is the time period.

Given : P= $1500

A = $6000

Time = 8 years

Then $6000=1500(1+r)^8$

i.e. $(1+r)^8=\dfrac{6000}{1500}=4$

Taking natural log on both sides , we get

$\Rightarrow\ 8\ln(1+r)=\ln(4)\\\\\Rightarrow\ \log(1+r)=\dfrac{\log4}{8}=\dfrac{1.38629436112}{8}=0.17328679514\\\\\Rightrarrow\ 1+r=e^{0.17328679514}\\\\\Rightarrow\ 1+r=1.189207115\\\\\Rightarrow\ r=1.189207115-1=0.189207115\\\\\Rightarrow\ r\approx0.1892\approx18.92\%$

3 0

3 years ago

Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re

gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = $\frac{Net Income}{Net Sales} X 100$

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = $\frac{20000}{100000} X 100$

Profit Margin = 0.2 x 100

Profit Margin = 20%

5 0

3 years ago

Which of the following is one effect of a purchase of $600 of supplies on credit? Select one:

Norma-Jean [14]

Answer:

d. It would increase liabilities by $600

Explanation:

Supplies are part of inventory, and when inventory is purchased it increases assets.

But is it purchased against cash then there is no change as assets in the form of cash is reduced by same.

Further, if these are purchased on credit then the balance of liabilities increases as the increase in liabilities and increase in assets keep the balance sheet equation matching.

Thus, purchasing on credit will increase the liabilities.

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3 years ago

The average GDP per capita for the world is about _________ and approximately ______ of the world population lives below that nu

WITCHER [35]

Answer:

I'll go with option C

According world bank data the GDP per capita for the World as at 2018 is 17,912.368 ( current international $)

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3 years ago

The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ______

Annette [7]

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.

Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).

The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.

To learn more about GDP refers to:

brainly.com/question/1383956

#SPJ4

6 0

1 year ago