If the traffic speed of the requirements of Iason SA is 5 what is the average collection time of receivables? a. 75 b. 73 c. 78 d. none

Q: Which of the following have high return and low Liquidity? a. demand deposit account b. saving…

A: Account is referred as the record or an arrangement through which a customer’s financial assets are…

Q: What is the measurement of the object? 0 cm 10

A: Variable in the question:Length of scale=10 cmNote for student: 10mm=1cmBetween 0 and 1cm there is…

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: True (t) or False (f) ____ The matching principle states that debits mus equal credits in each…

A: Matching concept follows the accrual accounting concept of business.

Q: Why does balance of payments contain an account called statistical discrepancy?

A: The equilibrium of installments (BOP), otherwise referred to as equilibrium of worldwide…

Q: LTV O LTV = Loan÷DCR %3D O LTV = Loan÷Debt Service

A: In finance LTV refers to loan to value ratio. It is an important metric that is looked at in case of…

Q: Which of the following is a spontaneous source of financing . accounts receivable I. accounts…

A: Spontaneous source of financing arising result of the firm's day-to-day business operations.…

Q: Compared to the SUA, QBO has general ledger accounts choices than the SUA. More O QBO does not have…

A: Accounting Software - It is type of application that records and processes accounting transactions…

Q: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

A: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

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: 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: Accounts receivable are customer payments. (increased/decreased) by credit sales and are Need help?…

A: ACCOUNTS RECEIVABLEAccounts Receivable represents the amount which will be receivable from the…

Q: Question 10 of 18 Which of the following increases the reported receivables in the financial…

A: Financial Statements are the statements presented to provide the information about the company’s…

Q: Receivables turnover of 11.33 means. Provide explanation ple

A: Introduction:- Accounts Receivable turnover is an efficiency ratio which indicates the number of…

Q: he aging of accounts receivable method uses __________________to estimate the allowance amount. a.…

A: Answer: Option C is the Correct Answer i.e. Both past and current receivables information.

Q: What do you mean by Days Payable Outstanding (DPO)?

A: Definition:   Accounts payable: This is the amount owed for the suppliers, or expenses incurred.…

Q: What is meant by Partial payments. From your stu payments and mention the differences between t

A: Partial payment refers to the payment of an invoice that is less than the full amount due. Partial…

Q: 16. Which of the following is a contra account? a. Sales discounts b. Purchase returns and…

A: In accounting, a contra account is a unique kind of account that is used to lower the balance of a…

Q: If the trial balance is out of balance and the difference between the debits and the credits is…

A: Trial balance is a table-like statement that comprises the ending balance of all t-accounts or…

Q: Match the type of bank income (revenue) with the associated source. Revenue received from wealth…

A: Interest Income: It is the main source of Income for banks and financial institution, interest…

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: Which method of estimating uncollectible accounts does not take the previous balance in the…

A: Bad debt expense formula: Percentage of account receivable method = Accounts receivable x Estimated…

Q: 10. The following are supporting schedules, except: * A. Summary of adjusting entries B. Cash count…

A: Supporting schedules are the schedules or working that is being attached to the balance sheet and…

Q: receivables turnover ratio

A: Receivable turnover ratio is an important accounting metric used to evaluate the performance of…

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: The amount by which the balance sheet does not balance at first is called _______. A. total B.…

A: When balance sheet doesn't balance at the first, it means there is some error or mistake which need…

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: What kind of business would have a short duration of receivables collection?

A: The low collection time is typically more appealing than the long collecting period. The fact that…

Q: The party who borrows money in a note payable is known as the: Multiple Choice Maker. Payee Issuer.…

A: Notes payable are written promises by a borrower to repay a specific amount of money to a lender on…

Q: Suggest five reasons why there might be a difference between the balance on the payables ledger…

A: Before reaching the difference between two , firstly we have to understand the meaning of the…

Q: How is the receivables turnover ratio measured? What does this ratio indicate? Is a higher or lower…

A: Receivables turnover ratio is measured by dividing net credit sales of a period by average accounts…

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 aging of receivables?

A:

Q: Define Deferred Payments.

A: Liabilities:   Liabilities are referred to as the obligation of the business towards the creditors…

Q: Which type of checking account pays interest on the mean balance of the account during a particular…

A: The checking account are important part of banking system. A checking account is highly liquid…

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: LC2Q7. If the discount period is missed, payment is due by the end of .

A: Invoice means  the bill against which the payment is to be received or paid. 4/15 net 30 means 4%…

Q: am. 115.

A: The objective of the question is to prepare the journal entries for the issuance of stock under…

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: 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: The journal entry to record uncollectible accounts expense under the allowance method is a.…

A: Journal entries are reported in the books so as to report the transactions primarily and to keep a…

Q: Under the allowance method, estimated uncollected receivables are credited to?

A: Solution: Under the allowance method, entry to record bad debts expense  is "Debit bad debts…