Accounting Information Systems
11th Edition
ISBN: 9780357156032
Author: Ulric J. Gelinas; Richard B. Dull; Patrick Wheeler
Publisher: Cengage Limited
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Textbook Question
Chapter 11, Problem 6RQ
Describe several ways that companies have reduced the float connected with cash receipts.
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Which of the following is not normally decreased by a cash outflow transaction?
a. Payroll Withholdings Payable
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c. Deposits on Returnable Containers
d. Deferred Revenues
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Discuss why control over receivables is not quite as important as control over cash
Chapter 11 Solutions
Accounting Information Systems
Ch. 11 - What is the billing/accounts receivable/cash...Ch. 11 - What primary activities does the B/AR/CR process...Ch. 11 - Prob. 3RQCh. 11 - What functions are typically segregated in the...Ch. 11 - Prob. 5RQCh. 11 - Describe several ways that companies have reduced...Ch. 11 - Prob. 7RQCh. 11 - Prob. 8RQCh. 11 - Prob. 9RQCh. 11 - What is accounts receivable master data?
Ch. 11 - What are the major features of a balance-forward...Ch. 11 - What are the differences between a post-billing...Ch. 11 - Prob. 13RQCh. 11 - Prob. 14RQCh. 11 - What characterizes a valid RA (i.e., cash...Ch. 11 - Prob. 16RQCh. 11 - Prob. 17RQCh. 11 - Develop several examples of possible goal...Ch. 11 - Prob. 2DQCh. 11 - Prob. 3DQCh. 11 - Prob. 4DQCh. 11 - Prob. 5DQCh. 11 - The two most widely used billing systems are (1)...Ch. 11 - Prob. 7DQCh. 11 - Prob. 1SPCh. 11 - Prob. 2SPCh. 11 - Prob. 3SPCh. 11 - Prob. 5SPCh. 11 - Prob. 6SPCh. 11 - Prob. 3PCh. 11 - Prob. 5PCh. 11 - Prob. 6PCh. 11 - Use the DFDs in Figure 11.3 (pg. 416), Figure 11.4...
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- With respect to disbursements, a company can manage their cash more efficiently by __________. a.) paying with cash b.) using lockbox banking c.) minimizing float time d. making use of creditarrow_forwardNon-business cash receipts should be included on a cash flow statement. A. True B. Falsearrow_forwardCash Basis Accounting Question: How can cash basis accounting often mislead financial statements in terms of profits? Explain.arrow_forward
- Explain why cash outflows during the period for purchasesand salaries are not specifically reported on a statement ofcash flows prepared using the indirect method.arrow_forwardWhich of the following has a different effect on net profit than it does on cashflow? A.Cash sale to customer B.Payment for wages C.Payment for rent D.Depreciation of equipmentarrow_forwardWhich of the following circumstances would result in an increase in cash from operations but not an increase in net income? Select one: a. None of the other choices is correct b. The failure to take advantage of a purchase discount offered by the supplier c. The sale of equipment for an amount greater than its book value d. The reissuance of treasury stock for an amount greater than its cost e. The issuance of bonds at a premiumarrow_forward
- What is the main reason the net income and cash flow from operations differ from each other?arrow_forwardIs it possible that a company with a very high net income has a negative balance of cash flows from operating activities? Explain your answer. please answer in detailarrow_forwardDiscuss why the Free Cash Flow can not be calculated directly by taking the numbers from Cash Flow Statementarrow_forward
- Explain the possible restrictions on cash and their implications for classification in the balance sheet.arrow_forwardExplain in detail with examples of different methods for cash transactions, and the costs associated with each. Provide brief justification on how these costs can be reduced?arrow_forwardExplain different methods for cash transactions and the costs associated with each. How these costs can be reduced? (Provide examples to support your justifications)arrow_forward
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