Ming Company assigns $2,000,000 of its accounts receivables for a finance charge of 4%.The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments.What amount of cash would Ming receive as a result of this initial transaction?
A)$1,920,000
B)$1,840,000
C)$1,760,000
D)$1,540,000

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The Answer of Ming Company assigns $2,000,000 of its accounts receivables for a finance charge of 4%.The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments.What amount of cash would Ming receive as a result of this initial transaction?
A)$1,920,000
B)$1,840,000
C)$1,760,000
D)$1,540,000

Ming Company Assigns $2,000,000 of Its Accounts Receivables for a Finance