C. What is the net realizable value of the Accounts receivable at December 31 20x1?

Q: What is the formula for calculating interest on a note receivable?

A: Introduction:- A note receivable is a written promissory note to receive a specified amount of cash…

Q: 11. Which transaction gives rise to debtors? A. Credit purchases B. Cash purchases C. Credit sales…

A: The company makes sales to earn profit and the company also makes sales on account which means the…

Q: How to improve average collection period and average payment period?

A: Introduction:Average collection period-It refers to the average length of time a business takes to…

Q: What are the five C's of credit?

A: BANKS use 5 c's to quantify and decide whether the applicant is eligible to give loan.

Q: Which ones have a credit balance? Bills in arrears Promissory notes receivable in advance

A: The different accounts in the business have normal Debit and credit balance. The assets and expenses…

Q: Which term relates to the beginning of a transaction in time value of money problems? Maturity date…

A: Time value of money states that the money which is worth today will not be same as in the future.

Q: 10. How much is the adjusted book receipts for December 2020? 11. How much is the adjusted book…

A: Proof of cash is a statement which is prepared to calculate the opening cash balance at just a cash…

Q: If the bank wishes to set up a swap to totally hedge the interest rate risk, the bank should A. pay…

A: Let us calculate the difference between what the bank pays and receives with its existing balance…

Q: A promissory note is"inchoate" until it has been delivered to the____ a. payer or bearer b.payee…

A: Lets start with basic understanding. As per bill of exchange Act 1982, Promissory note is a…

Q: Explain the initial measurement of long-term notes receivable.

A: solution : Explain the initial measurement of long-term notes receivable. Long term note receivables…

Q: The total that must be paid when a note becomes due is known as the note value. maturity value. face…

A: A Note is a Debt Instrument. It accrues interest on the principal value and the total amount due at…

Q: The "principal" of a note receivable refers to: a.the amount of cash borrowed. b.the present value…

A: The principal amount of a note receivable is the amount of cash borrowed.

Q: Which of the following items distinguishes an accounts receivable from a note receivable? Due date…

A: The account receivables and note receivable are the assets of the business. The account receivables…

Q: 9. Which accounts would be debited and credited in the entry to record accrued interest on a note…

A: The objective of the question is to identify the correct accounts that would be debited and credited…

Q: How did you calculate the note payable long term for xi

A: Notes Payable are defined as the long-term liabilities that represent the amount to be paid by the…

Q: What is the name principal future value a. b. Ob

A: Annuity refers to a series of payments  that are made at equal intervals of time.They can be…

Q: 7. Which of the following accounts is an liability? a. Bank deposit b. Prepaid insurance expense c.…

A: Liability is an obligation for a business. It arises when anything is payable in future or any…

Q: 14. Which of the following is an example for non-trade receivables? a. Dividends receivable. b. All…

A:

Q: What is the term used to describe the amount of accounts receivable that is actually expected to be…

A: A. The present value of accounts receivable is the amount of accounts receivable discounted to its…

Q: The journal entry to record accrued interest on a short-term note payable includes a debit to: A.…

A: Accrued interest is the interest that is accrued over the period.

Q: From page 5-3 of the VLN, what is the appropriate relationship to compute net accounts receivable?…

A: Customers who have received goods or services from a business but haven't yet made payment are said…

Q: For every debit, there is credit is stated in which concept? A. Money Measurement Concept B. Dual…

A: Accounting principles are the defined rules which are required to be followed by each company and…

Q: How to calculate the notes payable

A: Notes payable are long-term liabilities that indicate the money a company owes its financiers—banks…

Q: Chapter 10, Question 16: What are contingent liabilities? List three examples of contingent…

A: Contingent liabilities are the liabilities which will arise on the happening or not unhappening of…

Q: Postdated checks should be reported as: O A. Receivables O B. Short-term investments OC. Cash O D.…

A: Assets are the items owned by the firm or individual. It is calculated by summing up all the items…

Q: Explain the subsequent measurement of long-term notes receivable.

A: Long-term notes receivable are those notes which are due for more than one year after the date of…

Q: Explain the accounting for long-term notes payable.

A: Notes payable: Notes payable is a written promise to make payment for specific sum at a certain…

Q: What does "2/10" mean, with respect to "credit terms of 2/10, n/30"

A: Credit terms are those terms which provides the parameters of payment by the customers for the…

Q: What is the formula to compute interest on a note receivable?

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: credit terms :5, 1/15, n/45. what is the sh discount?

A: When we purchase goods , the buyer may  offer  discount on the goods sold . Discount are of two…

Q: PAND CO. 2019 2018 EMIC CO. 2019 2018 Sales Cost of Goods Sold Selling expenses Net Income P 3,400…

A: Gross Profit = Sales - Cost of goods sold  Pand Gross Profit for 2019 = P3,400 - P1,700 = P1,700…

Q: An aging analysis of accounts receivable is a study of the maturity of accounts receivable, such…

A: Accounts receivables arise when the business provides goods/services on credit to their clients.…

Q: Ok, but how did you get the $630,303.03, $607,299.27, $635,114.50 and $676,422.76 under the second…

A: A question was asked by you and a solution was provided. You now have a follow up question, where…

Q: Suppose you have a $10 bill in your pocket.  How is this money counted in the Fed balance sheet? A.…

A: Correct Answer = Option C = Liabilities Explanation First to understand the Concept of Federal…

Q: What was the 10/31 balance in Accounts Receivable?

A: Calculation of Total Sales for the Oct. Month(Amount in $) Total units to be sold in Oct(a) = 3000…

Q: Face value of a note payable plus interest is called maturity value. face value. Oproceeds.

A: Introduction: Notes payable: Notes payable is a debt instrument. Notes Issued for cash borrowing,…

Q: Credit termog 1/10, n/30 means

A: A discount provided by the seller to the buyer on the purchase of the goods and services by reducing…

Q: - What multiple EV / EBITDA do you think is relevant for a bank that trades at an ROE of 24% and…

A: ROE is return on equity is calculated by ratio of net income and total equity. ROE = Net…

Q: Question 9 consist of noninterest-bearing demand deposits and interest-bearing checking accounts. O…

A: The correct option with explanation are as follows

Q: What do short-term notes payable represent?

A: Short-term notes payable: short-term notes payable is a written promise made by the business to pay…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.