Answer:
$6,000
Explanation:
Receivables may be factored to ease the liquidity pressures of an entity. Factoring comes at a cost. As such, when receivables are factored, the entries required are
Debit Cash account
Dr Interest expense (factoring charge)
Credit Accounts receivables
As such, the amount of loss on sale of receivables would Marquess record in June is equivalent to the factoring charge
= 3% * $200,000
= $6,000
Answer:
c. $16,000
Explanation:
Total cost of both products = $80,000
Units of product LF = 3000
units of product 1B = 7000
Selling price per unit of LF = $24
Selling price per unit of 1B = $8
Cost of 3000 units of LF
= (3000/10000) × 80000
= $24,000
If 3000 units cost $24,000
1000 units would cost
= (1000/3000) × 24000
= $8,000
If Turner sells 1000,
Revenue from the sale
= 1000 × 24
= $24,000
Gross profit from this sale = $24,000 - $8000
= $16,000
The right option is c. $16,000.
It will go up because the milk is cheaper and they will buy what goes with it because they are complements ( milk and cereal ) this leads people to buy what goes with it so more cereal will be bought
C) table ..
hope it helped
Answer:
Misstatement of age
Explanation:
Based on the information provided within this question it can be said that the term that describes what is happening in this situation would be Misstatement of Age. Like mentioned in the question this is a provision in many life insurance policies which adjusts the individuals premium to the actual price based on their age if there was an error with the individuals age in the policy. Which is exactly what has happened to Lisa Smith.
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