FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 1 pts Keaubie Company has $550,000 of receivables and decides to sell them to a factor who will charge Keaubie Company 3.5%. How

image text in transcribed

Question 8 1 pts Keaubie Company has $550,000 of receivables and decides to sell them to a factor who will charge Keaubie Company 3.5%. How much will it cost Keaubie Company for this sale? $550.000 It will not cost Keaubie Company; the Factor must pay the fee $192,500 $19,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Of The Safety Of Electrical Installations

Audit Of The Safety Of Electrical Installations

Authors: Papa Samba Agne

1st Edition

6205799308, 978-6205799307

More Books

Students also viewed these Accounting questions

Question

★★★★★
Archimedes Levers is financed by a mixture of debt and equity. You have the following information about its cost of capital: Can you fill in the blanks? 12% 'D = 12% TE = BE = 1.5 10% BA D/V = .5 Bo...

Answered: 1 week ago

Question

★★★★★
A 10-kg cylinder D, which is attached to a small pulley B, is placed on the cord as shown. Determine the largest angle so that the cord does not slip over the peg at C. The cylinder at E also has a...

Answered: 1 week ago

Question

★★★★★
59. Cars pass an intersection according to a Poisson process with rate . There are 4 types of cars, and each passing car is, independently, type i with probability , . (a) Find the probability that...

Answered: 1 week ago

Question

★★★★★
As a global pharmaceutical company, Pfizer is continually looking for ways to help employees be more efficient and effective. The average Pfizer employee was spending 20 percent to 40 percent of his...

Answered: 1 week ago

Question

★★★★★
Question 8 1 pts Keaubie Company has $550,000 of receivables and decides to sell them to a factor who will charge Keaubie Company 3.5%. How much will it cost Keaubie Company for this sale? $550.000...

Answered: 1 week ago

Question

★★★★★
Three questions about derivatives

Answered: 1 week ago

Question

★★★★★
A marina operates with two machines that put boats into the water. Boat owners arriveaccording to a Poisson process. After the boat owners arrive, they form a single commonline,andthe serviceis...

Answered: 1 week ago

Question

★★★★★
1. Local pizza stores in the Towson, Maryland area to create a list of direct competitors. 2. Research the following using the Statista database: Is the industry emerging or mature? Is the business...

Answered: 1 week ago

Question

★★★★★
Max worked a job that paid time and a half for the first 15 hours beyond 40 hours and double time for any hours above that. During tax season, Max took home a $981.25 check after working 58 hours....

Answered: 1 week ago

Question

★★★★★
why answer for queston d is wrong explain and evalute Find the volumes of the solids whose bases are bounded by the circle x2 + y2 = 25, with the indicated cross sections taken perpendicular to the...

Answered: 1 week ago

Question

★★★★★
Timeboxing requires managing tasks as they executed and taking advantage of the advances where possible. We call this "riding the wave" of tasks to get to done. Controlling work requires active...

Answered: 1 week ago

Question

★★★★★
Identify conflict triggers in yourself and others

Answered: 1 week ago

Question

★★★★★
3. As a new romantic relationship begins, keep a journal of the communication events that occur. In this journal, indicate the stage you perceive the relationship to be in (based on the stages in...

Answered: 1 week ago

Question

★★★★★
2. Consider a romantic relationship that has ended. Using the stages outlined in this chapter, create a time line of the relationship. Include significant communication episodes that encouraged the...

Answered: 1 week ago

Previous Question Next Question