Selling accounts receivable

Assignment Help Auditing
Reference no: EM1354944

When a business sells its accounts receivable to a financial institution, is it called, line of credit,cash equivalent, factoring, or market to market?

Reference no: EM1354944

Questions Cloud

Organizational strategies to go green : What are some examples from your experience where you observed an organization "go green"? What strategies were employed and were they effective?
How many revolutions does the wheel make during this time : A loudspeaker of mass 22 {rm kg} is suspended a distance of h = 1.60 {rm m} below the ceiling by two cables that make equal angles with the ceiling. Each cable has a length of l = 3.30 {rm m}.
Explain security in the workplace continues to remain : Explain Security in the workplace continues to remain a high priority for organizations, especially in light of increases in workplace violence.
Stock investment beta expected return : Suppose the following data for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.
Selling accounts receivable : When a business sells its accounts receivable to a financial institution, is it called, line of credit,cash equivalent, factoring, or market to market?
Calculate the tension in a horizontal string : compass needle points 25 degrees E of N outdoors. However, as it is placed 17 cm to the east of a vertical wire inside a building it points 61 degrees E of N. What is the magnitude of the current in the wire? The earth field there is 0.50X10^-4 T ..
Describe why a mission statement should not include monetary : Describe why a mission statement should not include monetary amounts, percentages, numbers, ratios, goals, or objectives.
Managerial accountancy based true false questions : Setting discount rates are too high due to fear of future rates tends to bias decisions against making strategic investments.
Organizational commitment : Why or why not? What way could your company improve your organizational commitment?

Reviews

Write a Review

Auditing Questions & Answers

  Audit for general motors

Audit of general motors revenue. Each car and truck has an invoice on the window and is in GM's computer system, and that 8 million cars and trucks were sold.

  Audit of family first farm

Each year since 2007, the accounting firm of Goode and Thuro was contracted to prepare audited financial statements for Family First Farm. Each year until the current audit, the CPAs did not find any discrepancies.

  Operational reviewer attributes

The operational reviewer typically has multiple personal attributes that make them and mold them into operational reviewer. List and describe at least three and tell why they are positive attributes for the operational reviewer.

  Materiality and audit risk

Given time and cost constraints of an audit, explain how materiality and audit risk are assessed and applied to make an audit efficient and effective.

  Considering the internal control component

Which of the following describes the internal control component "monitoring of controls"?

  Comparing three bank firms

Three firms which serve as comparables to Bank of America are Wells Fargo, Chase, and Capital One. In a PowerPoint presentation:

  Annual report of public company

Obtain and review the annual report of a public company and locate its audit committed charter. What are the key features of the charter? What are its strengths? What are the weaknesses?

  Reliability percentages for backup systems

What would be the reliability of the bank system below if each of the three components had a backup with a reliability of .80?

  Role the objective setting process plays in how

Describe the role the objective setting process plays in how and if auditing objectives are met. What are some steps you might take to ensure you consistently meet audit objectives?

  Importance of the internal controls

Please explain the importance of the internal controls necessary to account for cash, purchases, and sales?

  Question on bank reconciliation

What was the balance inn Branson Co.'s cash account before recognizing any of these reconciling items? What was the balance shown on the bank statement before recognizing any of these reconciling items?

  Identify a current controversy relating to independence

You are required to identify a current controversy relating to Auditors' Independence.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd