All categories

2 years ago

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

Business

1 answer:

Inga [223]2 years ago

5 0

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

You might be interested in

A. by how much will gdp change if firms increase their investment by $11 billion and the mpc is 0.9?

Sliva [168]

Answer:

The answer is "$110 billion".

Explanation:

Firms increase their investment by $11 billion

mpc = 0.9

gdp = ?

To find the gdp, first we have to find expenditure multiplier;

we will find that by using the formula;

expenditure multiplier = 1/(1-0.9) = 1/0.1 = 10

Now gdp = 10 x $11 billion

= $110 billion

Thus the gdp is $110 billion.

6 0

3 years ago

For purposes of determining current E&P, which of the following items cannot be deducted in the year incurred? A. dividend

Bogdan [553]

Answer:

A. dividendsminus−received deduction.

Explanation:

This allows companies to avoid mostly third taxes on the same earnings.

It is explained to be a federal tax deduction in the U.S. that is given to certain corporations that get dividends from related entities. The amount of the dividend that a company can deduct from its income tax is tied to how much ownership the company has in the dividend-paying company. However, there are criteria that must be met in order to qualify for a DRD.

The dividends received deduction allows a company that receives a dividend from another company to deduct that dividend from its income and reduce its income tax accordingly.

7 0

3 years ago

Litton Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the b

Minchanka [31]

Answer:

Overapplied overhead= $7,575

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,250,000 / 40,000

Predetermined manufacturing overhead rate= $31.25 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 31.25*4,780

Allocated MOH= $149,375

Finally, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 141,800 - 149,375

Overapplied overhead= $7,575

6 0

3 years ago

In the for-profit business world, decisions to spend money must pass a "cost versus benefit" test, but for nonprofit arts organi

Zinaida [17]

The cost versus benefit test will not act as a good factor to measure tangible achievement.

Explanation:

Most of the Non-profit organization has a focus on welfare activities. The benefits can be influenced only by the subjective fulfillment of benefits. Executive members of all trusts are not able to calculate the benefits attained through welfare operations. Such a parameter system of identifying the beneficiaries' prospects of end-users is known as Intangible achievement.

The tangible achievement always lies in the status of invisible movements of each welfare operations. But each step of inducing the effects of cost versus benefit test does not suit to provide the effective to identify the tangible achievements.

3 0

3 years ago

He was very excited by the new features of windows 95.

Irina18 [472]

What's the question?

5 0

3 years ago