Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There are some of the vague question below. They are asking working capital. You are a export for the questions. Could you please help me

There are some of the vague question below. They are asking working capital. You are a export for the questions. Could you please help me to convert them to almost understanding questions and give me the solution?

1, Assume $ 1,000 of AR is factored, by advancing 80% of the receivable amount at a mutually agreed service fee of 2%. Estimated recourse obligation is $ 50. How working capital being affected?Calculation.

2, Accounts receivables factoring with recoursethe question given: Fair Value of recourse liability $xxxxdiscount rate%, asking working capital

3, Factor AR with recourse, the question given:recourse obligation FV asking working capital effect

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

Computer Accounting

Authors: Donna Kay

15th Edition

0077826841, 9780077826840

More Books

Students also viewed these Accounting questions

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago

Question

Pay him, do not wait until I sign

Answered: 1 week ago