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Business, 09.11.2019 08:31 Dragonflare

Bramble corp. assigned $1613000 of accounts receivable to blossom company as security for a loan of $1326000. blossom charged a 2% commission on the amount of the loan; the interest rate on the note was 11%. during the first month, bramble collected $459000 on assigned accounts after deducting $1490 of discounts. bramble accepted returns worth $4900 and wrote off assigned accounts totaling $11870. the amount of cash bramble received from blossom at the time of the assignment was

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