Windsor corp. factors $392,000 of accounts receivable with sheridan finance corporation on a without recourse basis on july 1, 2020. the receivables records are transferred to sheridan finance, which will receive the collections. sheridan finance assesses a finance charge of 1.90% of the amount of accounts receivable and retains an amount equal to 6% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. prepare the journal entry on july 1, 2020, for windsor corp. to record the sale of receivables without recourse.
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Business, 21.06.2019 16:00, fahaddakhil3186
Suppose matt and bree go out to get pizza. they order breadsticks and a large pepperoni pizza. after eating the breadsticks, and one piece of pizza bree decides to have an additional piece, but she does not eat a third piece. if bree is a rational individual why did she not eat the third piece of pizza? the marginal cost of the
Answers: 2
Business, 23.06.2019 00:00, Brandon4188
Which example would the government consider as intellectual property? a. product design that contains a hologram of the logo of the company b. a copy of a famous artist’s painting in a new medium c. a plant species discovered in the united states for the first time d. a method of production that is common to an entire industry e. a discount structure offered to the customer at a store
Answers: 3
Business, 23.06.2019 02:20, mpgleboski
When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable
Answers: 2
Windsor corp. factors $392,000 of accounts receivable with sheridan finance corporation on a without...
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