Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made
without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining
20%. When the bank collects the receivables, it will remit to Trell the retained amount less a fee equal
to 3% of the total amount factored. Trell estimates a fair value of its 20% interest in the receivables of
$8,000 (not including the 3% fee). Trell will show an amount receivable from factor of:
a. $10,000.
b. $8,500.
c. $8,000.
d. $6,500.
Answers: 1
Another question on Business
Business, 21.06.2019 21:00
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
Business, 22.06.2019 18:00
During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.
Answers: 3
Business, 22.06.2019 20:20
Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%
Answers: 2
Business, 22.06.2019 22:20
Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.
Answers: 3
You know the right answer?
Trell Corporation transferred $50,000 of accounts receivable to a local bank. The transfer was made<...
Questions
Geography, 10.10.2019 01:00
Arts, 10.10.2019 01:00
Biology, 10.10.2019 01:00
Mathematics, 10.10.2019 01:00
Mathematics, 10.10.2019 01:00
Health, 10.10.2019 01:00
Biology, 10.10.2019 01:00
Social Studies, 10.10.2019 01:00
Advanced Placement (AP), 10.10.2019 01:00
History, 10.10.2019 01:00
Mathematics, 10.10.2019 01:00
Biology, 10.10.2019 01:00
English, 10.10.2019 01:00
