In: Economics
Can you think of any reason inherent in a capitalist economy that would foster innovation?
In: Economics
How did you manage the stress associated with change in technology and innovation within the hospital?
In: Nursing
What are some of the major risks even when an organization chooses the right innovation?
Explain.
In: Economics
Is the increased price and/or complexity of healthcare due to technological innovation worth the cost & increased performance?
In: Nursing
Identify a few contemporary societal facets that are affected so heavily by innovation in engineering and the sciences.
In: Physics
Can you think of any other organizations that used a value innovation type strategy?
In: Economics
What approach does Kickstarter’s leadership have regarding innovation, and how do they manage it?
In: Operations Management
2.2 Explain and comment on factors related to organizational culture and innovation that might influence a company.
In: Economics
In 2020, Ibran Corp. required additional cash for its business. Management decided to use accounts receivable to raise the additional cash and has asked you to determine the income statement effects of the following transactions:
1. On July 1, 2020, Ibran assigned $600,000 of accounts receivable to Provincial Finance Corporation as security for a loan. Ibran received an advance from Provincial Finance of 90% of the assigned accounts receivable less a commission of 3% on the advance. Before December 31, 2020, Ibran collected $220,000 on the assigned accounts receivable, and remitted $232,720 to Provincial Finance. Of the latter amount, $12,720 was interest on the advance from Provincial Finance.
2. On December 1, 2020, Ibran sold $300,000 of accounts receivable to Wunsch Corp. for $275,000. The receivables were sold outright on a without recourse basis and Ibran has no continuing interest in the receivables.
3. On December 31, 2020, an advance of $120,000 was received from First Bank by pledging $160,000 of Ibran's accounts receivable. Ibran's first payment to First Bank is due on January 30, 2021. Instructions a. Prepare a schedule showing the income statement effects of 1004 these transactions for the year ended December 31, 2020.
Instructions
a. Prepare a schedule showing the income statement effects of
these transactions for the year ended December 31, 2020.
In: Accounting