Explain Long-Term Notes Receivable with example.

Q: What is the formula for calculating interest on a note receivable?

A: Introduction:- A note receivable is a written promissory note to receive a specified amount of cash…

Q: Describe the Subsequent Valuation of Accounts Receivable.

A: Accounts receivable    It refers to the amount for which the services and goods have been delivered…

Q: How do you compute the receivables turnover ratio?

A: Receivables turnover (RT) ratio: this is an accounting measure which shows the effectiveness of a…

Q: Define Short-Term Notes Payable.

A: Definition:   Liabilities: The claims creditors have over assets or resources of a company are…

Q: Define Notes payable.

A: Notes payable is a liability item in the balance sheet of an organization.

Q: Define Interest receivable.

A: Introduction: Interest Receivable is an amount which has been earned by the person but the same has…

Q: How much did A receive from the discounting of notes receivable?

A: Accounts receivables are the sales made on credit that are outstanding as a current asset on the…

Q: Describe a note receivable, the computation of its maturity date, and the recording of its…

A: The cumulative sums owed to a client for products or services sold are trade receivables that are…

Q: Describe how to report and analyze receivables.

A: Receivables are the assets for the company and may include trade receivables, other debtors or bills…

Q: Explain the valuation of present value of long-term notes receivable. NOTE: Present your own…

A: solution Explain the valuation of present value of long-term notes receivable. Long term receivable…

Q: Explain the initial measurement of long-term notes receivable.

A: solution : Explain the initial measurement of long-term notes receivable. Long term note receivables…

Q: Explain Subsequent Valuation of Notes Receivable.

A: Note receivables are balance sheet items that record promissory notes’ value that is owed to the…

Q: How to calculate the due date, interest and maturity value on both a Traditional Note and Discounted…

A: Due date for a Traditional Note and discounted note is calculated as below:

Q: What is the meaning of present value of notes receivable.

A: To understand the present value of notes receivable, first we need to understand what note…

Q: Which of the following is considered receivables? (select all that applies)  rents   note payables…

A: Receivables are the amounts that are expected to be received by an entity either at present day or…

Q: The journal entry to record lending money on a note receivable is… what?

A: Journal book is the book where all the transactions of the company will be recorded in a…

Q: Define Short-Term Interest-Bearing Notes.

A: Short-term interest-bearing note:   The short-term interest-bearing note is a note on which interest…

Q: xplain compounding of interest in relation to interest bearing notes receivable.

A: solution : Explain compounding of interest in relation to interest bearing notes receivable. An…

Q: calculate the discount date and the net date for the transaction.

A: Given that the invoice terms are 2/10 , n/45 That is if the invoice is paid in 10 days we get a…

Q: Explain the subsequent measurement of long-term notes receivable.

A: Long-term notes receivable are those notes which are due for more than one year after the date of…

Q: Explain the accounting for long-term notes payable.

A: Notes payable: Notes payable is a written promise to make payment for specific sum at a certain…

Q: Briefly explain the methods used for valuing accounts receivables.

A: In the given question, we need to briefly explain the methods used for valuing accounts receivables.…

Q: Explain how to record note payable transaction.

A:

Q: Explain the term Transfers of Notes Receivable.

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: What is the formula to compute interest on a note receivable?

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: What are age of receivables and how do you calculate them? Please explain

A: Accounts receivable form a part of assets of the entity and represents the amount due from the…

Q: Give an explanation  - and use an example - of why we may need to convert an Account Receivable to a…

A: Accounts receivable: Accounts receivable is the amount owed by the customers to the company for the…

Q: Define the characteristics of Notes Payable?

A: A notes payable is described as the written promissory notes. By issuing notes payable, the debtor…

Q: How to determine the adjusted balance of Accounts Receivable by usind the analysis of receivables…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Explain an example of Short-Term Interest-Bearing Notes.

A: Short-term interest-bearing note: The short-term interest-bearing note is a note on which interest…

Q: initial measurement of short-term notes receivable

A: Short-term notes receivable are notes issued by the debtor, the amount in respect of which is…

Q: its sales, what will be the level of accounts receivable following the change?

A: We know that DSO = accounts receivable/sales * 365 Hence 50 = 1,000,000/sales*365 or sales =…

Q: What do short-term notes payable represent?

A: Short-term notes payable: short-term notes payable is a written promise made by the business to pay…

Q: Define discount period (credit)

A: Credit period:   Credit period is the maximum amount of time, expressed in days, provided by the…

Q: Write out an equation for the nominal interest rate on any debtsecurity.

A: Nominal Interest Rate: This rate is the rate that does not take into consideration the inflation…

Q: Define Notes Receivable.

A: Notes receivable: Its a current asset having a life of less than one year. Notes receivable should…

Q: Explain compounding of interest in relation to interest bearing notes receivable

A: The interest-bearing notes receivable is a bond or note other than discounted bonds, on which the…

Q: List some common examples of other receivables, besides accounts receivable and notes receivable.

A: Accounting for Receivables:   Receivables are defined as the amounts that are due to a firm by its…

Q: accounts receivable turn over how do I figure out the averages?

A: Meaning of accounts receivable turnoverAccounts receivable ratio is calculated in times per…

Q: What is the average amount of receivables?

A: P81,875 is the average amount of receivables.

Q: WRITE YOUR DISCUSSION AND RECOMMENDATION ABOUT AVERAGE COLLECTION PERIOD TO ACCOUNTS PAYABLE…

A: Accounts payable refers to the amount that is owed by the company to suppliers. Accounts payable is…