Business, 14.11.2019 02:31 brebun4742
Mountain high ice cream company transferred $79,000 of accounts receivable to the prudential bank. the transfer was made with recourse. prudential remits 90% of the factored amount to mountain high and retains 10% to cover sales returns and allowances. when the bank collects the receivables, it will remit to mountain high the retained amount (which mountain estimates has a fair value of $6,900). mountain high anticipates a $4,900 recourse obligation. the bank charges a 3% fee (3% of $79,000), and requires that amount to be paid at the start of the factoring arrangement.
required: prepare the journal entry to record the transfer on the books of mountain high assuming that the sale criteria are met.
Answers: 1
Business, 22.06.2019 10:30, batmanmarie2004
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
Business, 22.06.2019 10:30, Uc34758
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
Mountain high ice cream company transferred $79,000 of accounts receivable to the prudential bank. t...
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