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Discussion: "Accounts Receivables"
Please respond to the following:
• Imagine that you are the treasurer of your organization, and the company is in need of cash; unfortunately, the company is unable to secure a loan from the bank. Suggest at least two ways in which the company can obtain the needed cash. Compare and contrast secured borrowing and sale of receivables. Also, recommend one of the methods that the company should use in order to obtain cash. Provide an explanation to support the method that you have selected.
• Suppose management is considering offering credit sales to customers but is unsure of what the generally accepted accounting principles are concerning uncollectible accounts receivables. You are the senior accountant, and management has asked for your help. Compare and contrast the percentage of sales method and the percentage of receivables method to recognize uncollectible accounts receivables. Recommendation to management the type of method that would be beneficial to the company if the company is seeking a loan from a bank. Provide a rationale to support your recommendation.
during 2011 robin sold the following assets business equipment for a 6000 loss stock investment for a 15000 loss and
During the past several years, the FASB has attempted to strengthen the theoretical foundation for the development of accounting principles.
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Include with your letter the following documents for the management at Apollo Shoes.
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Mattola Company is giving each of its employees a holiday bonus of $100 on December 20 (a non payday). The company wants each employee's check to be $100. The supplemental tax percent is used.
investing in the general motors costs 10000 and pays back 11500 two years from now. if investing in ford costs 8000
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