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After noting that its receivables turnover ratio had declined, Imperative Company decided for the first time in the company's history to sell $ 500,000 of receivables to a factoring company. The factor charges a factoring fee of 3 percent of the receivables sold. How much cash does Imperative receive on the sale? Calculate the factoring fee and describe how it is reported by Imperative Company. All else equal, how will this affect Imperatives receivables turnover ratio in the future?
a partial listing of costs incurred during december at gagnier corporation appears belownbspnbspfactory supplies 24500
last month when holiday creations inc. sold 39000 units total sales were 287000 total variable expenses were 232470 and
Examine the Harvard Diamond Foods fraud case located in your Syllabus course materials. What are some examples of the 6 anomalies of fraud indicators that you can find in Diamond Foods' operating procedures and company personnel
An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.
ziam is considering an offer to perform his own songs on a cd to be titled waiting there. in the past he has written
on march 1 2013 stratford lighting issued 14 bonds dated march 1 with a face amount of 300000. the bonds sold for
Purchased merchandise from Mable Co., $17,500, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $300 was added to the invoice.
The trust pays $5,000 of the discretionary distributions from corpus. What is the taxable amount of the Megan's tier 2 distribution?
In recording the purchase, Henner Corporation recorded Machine A at acost of $50,400. Calculate the cost assigned to Machine B. Do not use decimals in your answer.
Why is accounting for contributions so critical for a not-for-profit entity? For example, what complications can arise if a donor places conditions on a pledged contribution or imposes restrictions on the use of the money by the organization? What..
axtec companypurchased equipment on april 12004 for140000. the residual value is 20000 and the estimated life is 6
nordic company a merchandising company prepares its master budget on a quarterly basis. the following data have been
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