Tilly Corp. factored accounts receivable that had a book value of $100,000 to Second Bank. The transfer was made with recourse. Second Bank charged a 5% factoring fee and retained $3,000 to provide a reserve against potential sales returns and allowances. Tilly estimates the amount of accounts receivable that will be uncollectible is $2,000. The journal entry Tilly will make to record the factoring arrangement will include a: a. credit to receivable from factor for $5,000.
b. debit to loss on sale of receivables for $10,000.
c. credit to recourse liability for $2,000.
d. credit to accounts receivable for $92,000.

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: