Laurel company factors $300,000 of receivables to hardy factors. hardy assesses a 3% fee on the amount of receivables sold. laurel co. factors its receivables to hardy regularly. what journal entry does laurel make when the factoring occurs?
a. cash 291,000 accounts receivable 291,000
b. cash 291,000 service charge expense 9,000 accounts receivable 300,000
c. cash 291,000 loss on sale of receivables 9,000 accounts receivable 300,000
d. cash 300,000 gain on sale of receivables 9,000 accounts receivable 291,000

Molander corporation is a distributor of a sun umbrella used at resort hotels. data concerning the next month’s budget appear below: selling price per unit $ 29 variable expense per unit $ 14 fixed expense per month $ 12,450 unit sales per month 980 required: 1. what is the company’s margin of safety? (do not round intermediate calculations.) 2. what is the company’s margin of safety as a percentage of its sales? (round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.

What has caroline's payment history been like? support your answer with two examples

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy.b. this is a negative response strategy.c. this is a response strategy for either positive or negative risk known as contingency planning.d. this is a response strategy for either positive or negative risks known as passive acceptance.