Business, 20.11.2019 17:31 evanmc627

Logitech corporation transferred $105,000 of accounts receivable to a local bank. the transfer was made without recourse. the local bank remits 90% of the factored amount to logitech and retains the remaining 10%. when the bank collects the receivables, it will remit to logitech the retained amount less a fee equal to 3% of the total amount factored. logitech estimates a fair value of its 10% interest in the receivables of $8,000 (not including the 3% fee

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Logitech corporation transferred $105,000 of accounts receivable to a local bank. the transfer was m...

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