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
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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
Step by step
Solved in 2 steps
- Receivables turnover of 11.33 means. Provide explanation please.PA8. LO 8.6Which of the following transactions will require a journal entry? Indicate if it will be a debit or a credit and to what account the entry will be recorded. Transaction No Journal Entry Needed Journal Entry Needed Debit Credit Outstanding check Interest income NFS check Wire transfer by customer Deposit in transit Bank chargesAt what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $42,500 and the allowance for uncollectible accounts is estimated at 16% of gross receivables? Select one: a. $42,500 b. $35,700 c. $28,900 d. $6,800
- 26- Which of the following are the suppliers of goods/services whose invoices have not yet been paid? a. Inventory b. Cash c. Accounts Payable d. Accounts Receivablethe remittances received in the mailrrom should be forwarded directly to who? 1cashier 2billing 3finished goods 4accounts receivableCompute on the following BLUE 1. Accounts Receivable turnover 2. Average collection period
- 6. Which method of estimating uncollectible accounts does not take the previous balance in the allowance account in to consideration? a. Percentage of account receivable method b. All the options c. Account receivable aging method d. Percentage of sales methodAccounts Receivable has a debit balance of $2,500, and the Allowance for UncollectibleAccounts has a credit balance of $500. A $70 account receivable is written off. What is theamount of net receivables (net realizable value) after the write-off?a. $2,430b. $1,930c. $2,000d. $2,070A credit memorandum results in a(n) ___ in a customers accounts receivable file. A. memo B. decrease C. Transer D. Increase
- 1. What is the cash balance in the trial Balance? A. 408500 on the credit side B. 396500 on the debit side C. 396500 on the credit side D. 408500 on the debit side 2. What are account receivable balance in the Trial Balance? A. 0 B. 10000 C. 2000 D. 120003 The aging of accounts receivable method uses __________________to estimate the allowance amount. a. None of the given options b. Current receivables information c. Both past and current receivables information d. Past receivables information48.Which form of receivable financing is equivalent to an absolute sale of accounts receivable? a. Factoring b. Specific assignment of accounts receivable c. General assignment of accounts receivable d. Pledging of accounts receivable
