Frederick company borrows $63,000 from first city bank and pledges its receivables as security. which of the following is true regarding this transaction: a. first city bank is the factor in this transaction. b. frederick company's financial statements must disclose the pledging of receivables. c. frederick company no longer has the risk of bad debts. d. first city bank takes ownership of the receivables at the time of the pledge. e. no journal entry is required for this event.

Winston uses the high-low method. it had an average cost per unit of $10 at its lowest level of activity when sales equaled 10,000 units and an average cost per unit of $6.50 at its highest level of activity when sales equaled 20,000 units. what would winston estimate its total cost to be if sales equaled 8,000 units?

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

How do communism and socialism differ in terms of the role that government plays in the economy ?