Social Studies, 16.11.2019 02:31 isabelsmhl

On march 1, 2017, beijing pasta company assigns $1,400,000 of its accounts receivable to bank of china as collateral for a $1,000,000 note. bank of china assesses a finance charge of 1 percent of the accounts receivable and interest on the note of 12 percent. which of the following is correct regarding this transaction

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On march 1, 2017, beijing pasta company assigns $1,400,000 of its accounts receivable to bank of chi...