1. What is a compensating balance?
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- How are the cash proceeds determined when a note receivable is transferred?What are the components of cash? What items may be confused with cash, but normally are categorized under other balance sheet captions?Will an accounts receivable balance increase with a debit or a credit entry? How do you know?
- Which of the following is a method to generate cash from accounts receivable?a. Assignmentb. Factoringc. Assignment and factoringd. Assignment, factoring and discountingExplain and answer the following questions below: 1. Explain the measurement of accounts receivable. 2. Explain the treatment of dishonored notes. 3. What is the meaning of cash equivalent?Which of the following options indicate how quickly accounts receivables are converted into cash? Select one: a. Total assets turnover b. Days to collect accounts receivable c. Working capital d. Accounts receivable turnover