Business, 03.05.2021 18:20 tommyaberman
On February 1, 2020, Coronado Industries factored receivables with a carrying amount of $720000 to Sandhill Company. Sandhill Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Coronado Industries for February. Assume that Coronado factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3500. The loss to be reported is $28800. $32300. $75500. $43200.
Answers: 1
Business, 21.06.2019 19:30
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
Business, 23.06.2019 00:30
Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.
Answers: 2
On February 1, 2020, Coronado Industries factored receivables with a carrying amount of $720000 to S...
Biology, 14.05.2021 22:00
Mathematics, 14.05.2021 22:00
Mathematics, 14.05.2021 22:00
Advanced Placement (AP), 14.05.2021 22:00
Mathematics, 14.05.2021 22:00
Mathematics, 14.05.2021 22:00
Social Studies, 14.05.2021 22:00
Mathematics, 14.05.2021 22:00