In deciding whether financing with receivables is a secured borrowing or a sale under U. S. GAAP, the critical element is the extent to which: Multiple Choice The transferee has received substantially all the risks and rewards of ownership. The age of the receivables transferred differs from the average age of the receivables. The transferor of the receivable surrenders control over the assets transferred. The transferee relies on assets received from the transferor to maintain operations.

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

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conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?