Answer:
$972000
Explanation:
Account receivables factored = $ 900,000
Recourse Liability = $ 20,000
Due from Factor Third Bank = 900000 x 7% = $ 63,000
Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000
Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.
= 900000 + 20000 – 63000 – 65,000 = $972,000
Answer: Sales Orientation
Explanation:
Sales-oriented firms are business firms that focus most of their efforts on developing a sales force to promote and sell their products or services. Sales oriented spend little on spend little on marketing research and planning, target customers indiscriminately. The approaches carried out by sales oriented companies, are usually done through door-to-door sales, phone calls, and other face-to-face interactions with potential clients or prospects. The sales force is usually the most important asset of the company and is the main driver of its success and profitability.
Answer:
The main requirement is that it should meet the requirement of the customer.
Explanation:
DoD stands for the Department of Defense. A defense contract is any individual or firm or corporation or association that enters in to a contract with the DoD directly to furnish.
Before when a non Dod contract or order is placed, it is necessary to check the requirement on the evaluation of a non dod order or a contract to be in the best interest of a dod contract which includes the following factors to be considered : schedule, satisfying customer requirements, cost effectiveness, contract administration and price.
Answer:
$9,000
Explanation:
The result is the Net Book Value (NBV) as the time when the photocopier is discarded. The formula for calculating the NBV is given as follows:
NBV = Cost of equipment - Accumulated depreciation
Since;
Photocopier cost = $102 comma 000 = $102,000
Accumulated depreciation = $ 93 comma 000 = $93,000
Therefore, the NBV for the photocopier can be obtained as using the NBV formula above as follows:
NBV = $102,000 - $93,000
= $9,000
If the business just discard the photocopier without selling at a price as at the time of discard, the business has lost a total of $9,000 which is the NBV of the photocopier.