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IgorC [24]
2 years ago
5

Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is be

st described as a:
Multiple Choice
a. Loan from Ross collateralized by Gar’s accounts receivable.
b. Loan from Ross to be repaid by the proceeds from Gar’s accounts receivables.
c. Sale of Gar’s accounts receivable to Ross, with the risk of uncollectible accounts transferred to Ross.
d. Sale of Gar’s accounts receivable to Ross, with the risk of uncollectible accounts retained by Gar.
Business
1 answer:
Thepotemich [5.8K]2 years ago
7 0

Answer:

Answer for the following statement is "C"

Explanation:

  • Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.
  • Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.
  • If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.

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Mont Blanc uses a differentiation strategy that focuses on the social and emotional aspects of their product to appeal to a spec
Allisa [31]

Answer:

an engraving service for pen owners who may wish to will their pens to loved one.

Bic is a large publicly traded company with significant financial resources.

Explanation:

Mont Blanc uses differentiation strategy to address to consumer social and emotional needs. The best strategy will be to provide pen with name or a special message engraved in the pen according to the consumer needs. This will focus on consumer social needs and pen owners will love to will their pens to their loved ones.

Bic is large publicly traded company which has significant financial resources available to it. Bic will not wish to compete with Mont Blanc as it will require financial resources to capture its target market. Bic pens are cheaper and consumers are attracted to it because of its low price and ease in availability.

4 0
2 years ago
Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:
Colt1911 [192]

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

                             = $208,000 ÷ $650,000

                             = 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

6 0
2 years ago
Jerome, Inc., paid $8,850 to make a debt investment in trading securities of Tedesco, Inc. On December 30, (within the same fisc
pogonyaev

Answer:

Date                                      General Journal        Debit Credit

                                                     Debt investment        8850  

                                                     Cash                                           8850

Dec 30                                       Cash                           7000  

                                                     Debt investment                                 6500

                                                     Gain on sale of investment              500

Explanation:

6 0
2 years ago
Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
2 years ago
What process involves identifying and controlling the functional and physical design characteristics of products and their suppo
soldi70 [24.7K]

Answer:

<em>Configuration management</em>

Explanation:

The configuration management process defines the guidelines and guidelines for managing the configuration of the project in a simple way, so that integrity is maintained in the work products during the execution of the project.

The configuration management by means of the identification and control of changes allows to guarantee the correct execution of the change and to inform the affected ones of the change.

5 0
2 years ago
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