IFRS defines the probable collection from a credit sale as ________. Group of answer choices more likely than not to be collected at least a 45% probability of being collected likely to be collected at least a 50% probability of being collected
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- Matching Select the term that best fits each of the following definitions and descriptions. a. Notes receivable b. Nontrade receivables c. Net realizable value d. Direct write-off method e. Interest-bearing note f. Maturity date g. Promissory note h. Factoring receivables i. Trade discount j. Present value k. Allowance method l. Sales discount m. Negotiable note n. Non-interest-bearing note o. Assignment of receivables p. Valuation date 11. A method of recognizing the actual losses from uncollectible accounts as expenses during the period in which the receivables are determined to be uncollectible. 12. The amount of cash expected to be received from the conversion of assets in the normal course of business. 13. The sale of receivables without recourse for cash to a third party, usually a bank or other financial institution. 14. Receivables that are evidenced by…6. Calculate the EIR, if the trade credit under each of the following: a) 2/10,n/60 b) 2/10, 1/60 show formula and solutionsDetermine the decision nature of each of the following issues: Will we purchase on credit or will we borrow in the short term and pay cash?
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- If a bank uses credit risk score to determine who will receive a loan, the credit risk score would be considered the: A. dependent variable B. independent variable C. response variable D. classification variableHow are the discount values on determined? (0.926, 0.857, and 0.794).Which of the following is NOT a factor in the calculation of a FICO score? Total amount owed Amount of new credit utilized History of on-time payments Income level
- explain the application of annuities with discount rates (usinf formulas)What would the credit terms of “2/10, n/EOM” mean?Rank the following goods, according to how much their present price responds to expected future prices. (1-most responsive; 4=least responsive). Hint: You should think about the relative costs of storing the good, and the ease of buying and selling it (liquidity) because both help to determine the feasibility of adjusting the timing of purchases and sales. < Iron. Stocks. Apples. Gold.