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MBA 5100 - Exam 3 Notes Questions and answers latest update
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MBA 5100 - Exam 3 Notes Questions and answers latest update
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MBA 5100 - Exam 3 NotesInterest - correct answer = face amount * interest rate * (term/360)
maturity value - correct answer = interest + face amount
days sales in receivables
(liquidity) - correct answer = (avg account receivables)/(avg daily sales)
return on sales
(profitability) - correct answer operating income/sales
net realizable value of accounts receivable - correct answer = AR balance - uncollectible
estimating uncollectibles:
percent of sales method
bad debt expense = credit sales x bad debts as a % of credit sales - correct answer = credit sales x bad
debts as a % of credit sales
estimating uncollectibles:
analysis of receivables - correct answer the longer AR is outstanding, the less likely it will be collected
- AGING THE RECEIVABLES METHOD
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