Account

| | | c. Allowance for doubtful accounts. | | | d. The present value of accounts receivable. | | Correct Marks for this submission: 5/5. Question 3 Marks: 5 The practice of reporting the net realizable value of receivables in the financial statements is commonly called: Choose one answer.

Table 1: Aging Schedule of Accounts Receivable AGE OF ACCOUNT | BALANCE OUTSTANDING | % OF TOTAL BALANCE OUTSTANDING | 0-15 days | $ 20,000 | 19.59 % | 16-30 days | 30,000 | 29.39 | 31-60 days | 40,000 | 39.19 | 61-90 days | 10,000 | 9.80 | Beyond 90 days | 2,071 | 2.03 | TOTAL | $ 102,071 | 100.0 % | 2. To evaluate the credit quality of Aero-Strip’s accounts receivables portfolio, we turn to their average collection period (ACP) and aging of accounts receivable. Knowing the ACP

data was taken from the production and accounting records for Casuccio Manufacturing, Inc.   Unaudited 20X9 Audited 20X8 Audited 20X7 Operating Data       Capacity in Units 450,000 450,000 450,000 Production in Units 450,000 400,000 300,000 Inventory in Units 32,000 28,000 21,000 Financial Data ($000)       Total Revenues

Next Plc | 2011 | 2010 | PerformanceGross Profit | 1008.7/3453.7 = 29.21% | 996.9/3406.5 = 29.26% | Operating Profit | 574.8/3453.7 = 16.64% | 529.8/3406.5 = 15.56% | ROCE | 574.8/(232.4 + 727) = 59.91% | 529.8/(133.4+802) = 56.63% | Asset Turnover | 3453.7/(232.4+727) = 3.60 times. | 3406.5/(133.4+802) = 3.64 | LiquidityCurrent Ratio | 1067.3/832.9 = 1.3:1 | 1041.2/758.1 = 1.4:1 | Quick Ratio | (1067.3 – 368.3)/832.9 = 0.84:1 | (1041.2 – 309)/758.1 = 0.97:1 | Inventory Days

Current Account Sustainability “Does a Current Account deficit Matter?” Political Science 412: International Political Economy The Pennsylvania State University Yun Shik Park 07.28.2015 Current Account Sustainability Does a current account deficit matter? Yun Shik Park Abstract: Sometimes a country will export their goods to another country, rather than importing them and it causes current account deficits. The purpose of this paper is to examine the role of current account in national

Company during January, its first month of operations, are listed below. Assume that Franklin Company uses the following journals: Cash Receipts (CR), Cash Payments (CP), Revenue (R), Purchases (P), and General (G). Assume that it uses Accounts Receivable and Accounts Payable Subsidiary Ledgers as well as a General Ledger. Indicate by letters which journal would be used for each transaction. Also indicate if the entry requires a posting to a subsidiary ledger. The transactions completed by Franklin

Interpreting Bias within Historical Accounts History is often regarded as strictly defined and unyielding, particularly by those who uphold the rationalist view that it is possible for a human being to objectively record observations of an event. However, the romantic view of reading history is more in line with the reality that all nonfiction literature is subject to the bias of those writing it. The romantic approach embraces what those fixated on their rationalist views try desperately to ignore

TACKLING CURRENT ACCOUNT DEFICIT IN INDIA INTRODUCTION There has been a sharp increase in the Current Account Deficit in Indian economy. In previous years the current account deficit increased moderate rate but in the fiscal year of 2011-12 there was sharp increase in current account deficit, marking a rise to nearly 4.2 per cent of GDP. High current account deficit has always posed serious implications for an economy and therefore for India it is a matter of concern. This research paper deals with

The current account is an important component of the balance of trade system of our country. It is a measurement of a country’s trade where the value of the goods and services it exports. A current account deficit represents negative sales abroad. A country undergoing current account deficit results in foreign liabilities and debt with the rest of the world. This further leads to payback of foreign current account reserves. Current Account includes imports and exports of goods and services and unilateral

tanks, financial institutions, and governments to develop effective “early-warning” models focusing on numerous predictors (Edwards, 2001) including current account deficits. Noticeably, the role of the deficits behind major financial collapses has been in the centre of great controversy. On one hand, some scholars have argued that current account deficits should be seen as a threat towards the stability of the world economy and thus should be properly dealt with while on the other hand, the view that