Business, 12.08.2020 05:01 babygirl200702

On April 1, Aloe, Inc. factored $80,000 of its accounts receivable without recourse. The factor retained 10% of the accounts receivable as an allowance for sales returns and charged a 5% commission on the gross amount of the factored receivables. What amount of cash did Aloe receive from the factored receivables

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On April 1, Aloe, Inc. factored $80,000 of its accounts receivable without recourse. The factor reta...

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