Answers by visitors named: Sanjay

Firm wil make below entries a. Transfers ownership of receivables to factor. b. Records any amount retained by transferee as “due from factor.” This is an amount held back to protect the transferee in case of non-payment by customer c. Records loss on sale of receivables. Cash Dr 33,000 Due from Factor Dr 3,000 Loss on sale of Acct Rxable Dr 3,600 Acct Rxable Cr 39,600 ( Factor pays 36000 & charges 10% as his fee (10%*36000=3600) & holds back 3000)

13000000/450000 = 28.89 28.89/(1.1)^9 = 12.25 = PV

105 gf

You multiply 3/4 by 5600 and .13 That will be the answer. It is a formula. If I remember it is I=prt. Time=9/12=3/4. r=rate=.13 and part=5600. That is the answer

Oh...thx it is squared.

Actually how do you get +1 after81u^2-18u +1 I can't understand

Good

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