Bundle: Financial Accounting: Tools for Business Decision Making 8e Binder Ready Version + WileyPLUS Registration Code
8th Edition
ISBN: 9781119221647
Author: Paul D. Kimmel
Publisher: Wiley (WileyPLUS Products)
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Question
Chapter 8, Problem 8.13E
To determine
Receivables
Receivables refer to an amount to be received in future. General classifications of receivables are accounts receivable, note receivable, and other receivables.
To match: Each of the given activities with the purpose of activities.
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The following is a list of activities that companies perform in relation to their receivables.Match each of the activities listed below with a purpose of the activity listed below.
1.
Selling receivables to a factor.
select a purpose Determine to whom to extend creditEvaluate the liquidity of receivablesMonitor collectionsAccelerate cash receipts from receivable when necessaryEstablish a payment period
2.
Reviewing company ratings in The Dun and Bradstreet Reference Book of American Business.
select a purpose Establish a payment periodEvaluate the liquidity of receivablesMonitor collectionsDetermine to whom to extend creditAccelerate cash receipts from receivable when necessary
3.
Collecting information on competitors’ payment period policies.
select a purpose Establish a payment…
Required information
[The following information applies to the questions displayed below.]
Required:
1. Create a calculated field to calculate the Days Past Due for each invoice.
2. Summarize the accounts receivable by customer.
3. Get the detailed receivables for the customer "Taste of Thai".
Ask the Question: How can we use Tableau on the total detailed late accounts receivables balance to get specific detail
on invoices due by customer?
Master the Data: To begin, we have a list of 200 receivables that are all past their due date as of today's date of
12/31/2021. This is shown in the Excel file Lab 2-2 Data.xlsx, which will be imported into Tableau.
Software needed
⚫ Tableau
• Screen capture tool (Windows: Snipping Tool; Mac: Cmd+Shift+4)
Data: Excel File Lab 2-2 Alt Data.xlsx.
Perform the Analysis: Refer to Lab 2-2 Alternative in the text for instructions and Lab 2-2 steps for each of the lab parts.
Share the Story:
Required:
1. What is the grand total amount owed in past due…
7. Of the following, which is an internal report that will determine if the total of the debit balances equal the total of the credit balances in the ledger?
A. horizontal analysis
B. trial balance
C. chart of accounts
D. income statement
8. Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as
A. sales returns
B. cash sales
C. sales when the credit card company remits the cash
D. sales on account
9. Who is responsible for the freight costs when the terms are FOB shipping point?
A. either the seller or the buyer
B. the seller
C. the ultimate customer
D. the buyer
Chapter 8 Solutions
Bundle: Financial Accounting: Tools for Business Decision Making 8e Binder Ready Version + WileyPLUS Registration Code
Ch. 8 - What is the difference between an account...Ch. 8 - What are some common types of receivables other...Ch. 8 - What are the essential features of the allowance...Ch. 8 - Prob. 4QCh. 8 - Prob. 5QCh. 8 - Prob. 6QCh. 8 - Prob. 7QCh. 8 - Tawnya Dobbs, the vice president of sales for...Ch. 8 - Prob. 9QCh. 8 - Prob. 10Q
Ch. 8 - Prob. 11QCh. 8 - Prob. 12QCh. 8 - How may the maturity date of a promissory note be...Ch. 8 - Prob. 14QCh. 8 - Prob. 15QCh. 8 - General Motors Company has accounts receivable and...Ch. 8 - Prob. 17QCh. 8 - Prob. 18QCh. 8 - Prob. 19QCh. 8 - Prob. 20QCh. 8 - Prob. 21QCh. 8 - Prob. 22QCh. 8 - Prob. 23QCh. 8 - Prob. 24QCh. 8 - Presented below are three receivables...Ch. 8 - Prob. 8.2BECh. 8 - Prob. 8.3BECh. 8 - Prob. 8.4BECh. 8 - Byrd Co. uses the percentage-of-receivables basis...Ch. 8 - Prob. 8.6BECh. 8 - Compute interest and find the maturity date for...Ch. 8 - Prob. 8.8BECh. 8 - Prob. 8.9BECh. 8 - Prob. 8.10BECh. 8 - Prob. 8.11BECh. 8 - Prob. 8.12BECh. 8 - Prob. 8.1DIECh. 8 - Prob. 8.2ADIECh. 8 - Prob. 8.2BDIECh. 8 - Prob. 8.3DIECh. 8 - Prob. 8.4DIECh. 8 - Prob. 8.1ECh. 8 - Prob. 8.2ECh. 8 - Prob. 8.3ECh. 8 - Prob. 8.4ECh. 8 - Prob. 8.5ECh. 8 - Prob. 8.6ECh. 8 - Prob. 8.7ECh. 8 - Prob. 8.8ECh. 8 - Prob. 8.9ECh. 8 - Prob. 8.10ECh. 8 - Prob. 8.11ECh. 8 - Prob. 8.12ECh. 8 - Prob. 8.13ECh. 8 - Prob. 8.14ECh. 8 - Prob. 8.15ECh. 8 - Prob. 8.16ECh. 8 - Prob. 8.17ECh. 8 - Prob. 8.1APCh. 8 - Prob. 8.2APCh. 8 - Prob. 8.3APCh. 8 - Prob. 8.4APCh. 8 - Prob. 8.5APCh. 8 - Prob. 8.6APCh. 8 - Prob. 8.7APCh. 8 - Prob. 8.8APCh. 8 - Prob. 8.9APCh. 8 - Prob. 8.1CACRCh. 8 - Prob. 8.1EYCTCh. 8 - Prob. 8.2EYCTCh. 8 - Prob. 8.3EYCTCh. 8 - Prob. 8.4EYCTCh. 8 - Prob. 8.7EYCTCh. 8 - Prob. 8.8EYCTCh. 8 - Prob. 8.9EYCTCh. 8 - Prob. 8.1IFRS
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