Wilkinson Corporation Factored, with Guarantee (Recourse), $400,000 of Accounts Receivable

question 117

Multiple Choice

Wilkinson Corporation factored, with guarantee (recourse) , $400,000 of accounts receivable with Huskie Financing.The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances.What amount of cash would Wilkinson receive on the sale of receivables?

• A)$388,000.
• B)$380,000.
• C)$368,000.
• D)$400,000.

Understand the impact of different personality types on sales presentations and interactions.

Identify and utilize effective techniques for handling disagreement and caution signals during sales presentations.

Recognize the importance of probing and asking questions to uncover customer needs and receive feedback.

Distinguish between different levels of listening and their significance in effective communication.

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Definitions:

Participants

Individuals who take part in a study and whose data is collected for analysis.

Tested Once

Refers to conducting a particular test or experiment only one time under a specific set of conditions or parameters.

Tested Twice

The act of conducting a test or evaluation on the same subject or group twice to compare results, check for consistency, or measure change.

Participants

Individuals who take part in a study or research, providing data for analysis.