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Advance Factoring and Maturity Factoring:
In both recourse and non-recourse factoring whether the factor advances cash against book debts to the client instantly on assignment of book debts it is termed as advanced factoring. In maturity factoring the factor creates payment to the client on maturity of book debts, which is while they are due. In non-recourse maturity factoring the payment is on maturity or while book debts are collected or while the customer becomes insolvent. In recourse factoring the factor pays the client while book debts have been composed.
Replacement cost It is the cost of replacing a material or asset, by purchase from the current market. If an X material was originally purchased @ Rs. 250 per Kg. And know i
Explain variable cost and fixed cost Variable costs: costs that vary almost in the direct proportion to the volume of production are known as variable costs. The examples of
State the Opportunity cost The net selling price, rental value or transfer value which could be obtained at a point in time if a particular asset or group of the assets were to
#queThe following information pertains to Fairways Driving Range, Inc.: The company is considering operating a new driving range facility in Sanford, FL. In order to do so, they
implications of applying accounting concepts wrongly
Management Accounting 1) Which is concerned with provision of information to people within the organization to help them make better decisions? Management accounting is concer
areas where zero based budgeting can be effectively used?
h. Production orders that had cost 450,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 50% above
Positioning An essential part of the planning process is positioning the organization to attain its goals. Positioning is a wide concept and depends on gathering and evaluating
HGT Company initialized the accounting period with the following beginning balances: During the accounting period, the company purchased $60,000 of raw materials and ended
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