Business, 01.12.2020 16:50 drunkelmo04
Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing. The finance charge is 4%, and 6% was retained to cover sales discounts, sales returns, and sales allowances. Bramble estimates the recourse obligation at $4700. What amount should Bramble report as a loss on sale of receivables?
a) $7000.
b) $22200.
c) $-0-.
d) $11700.
Answers: 2
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Business, 22.06.2019 23:30
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Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to:
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Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing....
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