Maurice Tutor

(5)

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 304 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Jun 2017 My Price 9.00

sales adjustments

1. Entel Inc factored $100,000 of its accounts receivable without recourse with a factor and received $80,000 of the $20,000 difference, $8,000 was the financing fee and the reminder

Was held back for sales adjustments. The firm and the factor agree to share equally the cost of any sales adjustments exceeding $12,000. Actual sales adjustments amounted to $14,000; the remaining amount of receivable was collected. What is the factor’s net income from this factoring arrangement?

a. $7,000

b. $20,000

c. $19,000

d. $18,000

e. $6,000

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Jun 2017 09:06 PM My Price 9.00

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