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D Question 3 1 pts Desert Company factors $6,085,858 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains
D Question 3 1 pts Desert Company factors $6,085,858 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. What would be recorded as a loss on the transfer of receivables? *round your answer to the nearest $1 D Question 4 1 pts On January 1st, Desert Company sold merchandise to Beach Company for an agreed upon purchase price of $82,046. Beach gave Desert $12,386 cash at the time and financed the remainder with a 3-year, non-interest-bearing, note payable. The implied rate of interest on similar notes is 6%. Principal and interest will be paid at maturity. What is the amount of revenue Desert should record on January 1st? PV$1(6%, 3) 0.83962 PVOA(6%,3) 2.67301 PVAD(6%, 3) 2.83339 Round your answer to the nearest $1
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