Danzig Inc

question 120

Multiple Choice

Danzig Inc.factors $2,000,000 of its accounts receivables without recourse for a finance charge of 5%.The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments.What would be recorded by Danzig as a gain (loss) on the transfer of receivables?

• A)gain of $100,000
• B)loss of $100,000
• C)loss of $200,000
• D)loss of $300,000

Grasp the importance of across cultures competency and its impact on effective performance.

Understand the concept of change competency, especially in relation to technological advancements.

Identify the seven foundation competencies for success in organizational behavior and their interrelationships.

Appreciate the complexities of managing a culturally diverse workforce beyond gender diversity issues.

---

Definitions:

Right To Sell

The legal authority granted to an individual or entity to sell a particular product, property, or service.

Bailor

An individual or entity that entrusts possession of goods or property to another (the bailee) under an agreement.

Bailment

A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another who subsequently has possession of the property.

Personal Property

Movable assets owned by an individual or corporation, excluding real estate.