Question 4
Interest on a 6-month , 10 percent , $ 10,000 note is calculated by multiplying $ 10,000 ´ 0.10 ´ 6 / 12 .
Question 5
If a company has significant concentrations of credit risk , it must discuss this risk in the notes to its financial statements .
Question 6 Interest is usually associated with Question 7
On January 15 , Nifty Company sells merchandise on account to Martinez Associates for $ 3,000 with terms 3 / 10 , n / 30 . On January 20 , Martinez returns merchandise worth $ 600 to Nifty . On January 24 , payment is received from Martinez for the balance due . What is the amount of cash received ?
Question 8 The expense recognition Question 9
Which one of the following is not a principle of sound accounts receivable management ?
Question 10 Bad Debt Expense is considered Question 11 When an account is written off using the allowance method , the Question 1