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Title: Ming Company assigns $5,000,000 of its accounts receivables for a finance charge of 5%. The finance ... Post by: nuttyprof on Jul 22, 2018 Ming Company assigns $5,000,000 of its accounts receivables for a finance charge of 5%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. What amount of cash would Ming receive as a result of this initial transaction?
A) $4,750,000 B) $4,600,000 C) $4,350,000 D) $5,000,000 Title: Ming Company assigns $5,000,000 of its accounts receivables for a finance charge of 5%. The finance ... Post by: karissam on Jul 22, 2018 Content hidden
Title: Ming Company assigns $5,000,000 of its accounts receivables for a finance charge of 5%. The finance ... Post by: nuttyprof on Jul 22, 2018 Exactly what I needed for my quiz :D
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