Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Find how much net cash received from assignment transaction
Assignment Instructions
Assignment ID: FG132913124
Problem 1: On march 1, 2021, Kimmy Co. assigned its P1,000,000 accounts receivable to Rafaela Bank in exchange for a 2-month, 12% loan equal to 75% of the assigned receivables. Kimmy Co. received the loan proceeds after a 2% deduction for service fee based on the assigned notes. During March, P500,000 were collected from the receivables. Sales returns and discounts amounted to P150,000. How much net cash is received from the assignment transaction on March 1,2021?
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