In your own words, how should the results of installment sales be reported on the income statement?

What is a repurchase agreement (product financing)arrangement? How should a product repurchase agreementbe reported in the financial statements?

What do short-term notes payable represent?

What is the accrual basis accounting?

How to calculate the appropriate interest expense based on the amount of outstanding debt using iterative calculations? Give an example.

What are debt issue costs and how should they be reported?

How do each of the items in a firm’s credit policy—defined to include the credit period, the discountand discount period, the credit standards used,and the collection policy—affect its sales, the levelof its accounts receivable, and its profitability?

Differences between Accrued Interest and Payments?

Discuss how accounts receivable and inventory can be used as collateral for short term securedloan.

Explain the term Loan Repayment Schedule?