1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ivann1987 [24]
3 years ago
8

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.
You might be interested in
Describe the use of a credit card vs a debit card.
liubo4ka [24]

Explanation:

The Fair Debt Collection Practices act protects the credit card users from the deceptive or incorrect practices when debt is collected.

3 0
3 years ago
What happens when production is inside the production possibilities curve
Paul [167]

Answer:

When it shifts inwards, it indicates that the economy is shrinking due to a failure in its allocation of resources and optimal production capability. A shrinking economy could be a result of a decrease in supplies or a deficiency in technology.

Explanation:

8 0
3 years ago
Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at
mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable:  No it is not closed to income summary account.

b. Advertising Expense:  Yes it is  closed to income summary account.

c. Cost of Merchandise Sold: Yes it is  closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is  closed to income summary account

f. Sales Yes it is  closed to income summary account

g. Supplies:  No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is  closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0
3 years ago
The total fixed overhead variance is:a. the difference between actual and budgeted fixed overhead costs. b. the difference betwe
kondaur [170]

Answer:

a. the difference between actual and budgeted fixed overhead costs.

Explanation:

As we know that

The variance is shows the difference between the actual amount and the budgeted amount or estimate amount

So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature

Hence, the first option is correct

3 0
3 years ago
Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called
Vsevolod [243]

Answer:

networkers

Explanation:

Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called: networkers.

8 0
2 years ago
Other questions:
  • Barat owns a large chain of Indian markets. A significant part of his job is determining the amount of income left after taxes a
    10·1 answer
  • The Rodriguez family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a qua
    12·1 answer
  • An adjusted trial balance:Is a list of all accounts and their balances after adjusting entries.Is a list of all accounts and the
    6·1 answer
  • Nivea became the leader in the skin cream class on the "gentle," "protective," and "caring" platform. The company further moved
    12·1 answer
  • Suppose that there are many stocks in the security market and that the characteristics of stocks A and B are given as follows: S
    11·1 answer
  • When formulating a positioning strategy, a multiple-benefits approach is strongly suggested to satisfy many markets at the same
    9·1 answer
  • Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
    11·1 answer
  • A lease agreement contains a clause that gives the tenant the right to purchase the property at a specified price. This type of
    12·1 answer
  • Lynette is the new head of operations for ShurWay, a nationwide corporation with offices in several major cities. Promoted to he
    6·1 answer
  • The demand for ski rentals falls when the price of lift tickets increases. This is an example of?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!