How do we judge a companys collection effectiveness
Having in mind the company's relationship between receivables and cash, the influence of liquidity and solvency and they affect competitiveness. How do we judge a company's collection effectiveness? What can be done to improve that?
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Kile Company borrows $63,359 on July 1 from the bank by signing a $63,359, 8%, 1-year note payable. Prepare the journal entries to record (a) the proceeds of the note.
Assuming that a company has $365 million in annual sales, and a gross margin of 20%, how much investment will each additional day ofsales in inventory require?
Discuss the evolution of the income statement found in the annual report of a firm, to the forms that can be used in managerial decision making. INclude the organizing principle in each case (cost element)
The Whitton Company uses a discount rate of 16%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows of $10,000.
Having in mind the company's relationship between receivables and cash, the influence of liquidity and solvency and they affect competitiveness.
How would you make sure a payment is actually for what it was stated for?How would you make sure the payment is legit?Would you perform vouches? or would vouching be only for documents.
Inventory costs are rising, which method (FIFO, LIFO, or weighted average cost) results in the highest net income? Which results in the highest inventory balance?
What are the acceptable inventory valuation methods under the U.S. Generally Accepted Accounting Principles (GAAP)?
On September 4, Seller Company sold goods to Buyer Company for $3,600 with terms of 3/10, net 30, FOB shipping point. The cost of the goods to Seller Company was $1,400.
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