0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
A firm has a days sales outstanding of 40 days and its annual sales are 7300000 what is the accounts receivable balance?
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111
What does it mean when after posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?
9
Is there such thing as a 9 digit bank account number?
Yes, nearly all bank accounts in the Netherlands (with the exception of the Postbank accounts) do have 9 digits.
How long were personal bank accounts closed after crash of 1929?
9 years
What was the introductory rate of vat in England?
9%
A firm has a days sales outstanding of 40 days and its annual sales are 7300000 what is the accounts receivable balance?
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111
What accurately explains what an exchange rate of 1 9 between the european euro and mexican pesos mean?
An exchange rate of 1:9 between the European Euro and the Mexican Peso means that you can exchange one Euro for 9 Pesos.
What does it mean when after posting the entries from the journal the breneman management service ledger should have at least one credit entry in how many accounts?
9
Is there such thing as a 9 digit bank account number?
Yes, nearly all bank accounts in the Netherlands (with the exception of the Postbank accounts) do have 9 digits.
XY Makes a loan to TZ and receives in exchange a three-year 50000 note bearing interest at a 9 percent annual rate paid annually The market rate of interest for similar notes 11 percent . Journalize?
First, find the present value of the note.We use the present value of a lump sumPV = FV/(1+r)^twhere R is the market rate of interest (11%), T is the number of years (3), and FV is the future value of the note (50,000)Plus the present value of an ordinary annuity (the 9% of 50,000 annually represents an annuity, which we will use for the PMT):PV = PMT x (1- [1 / (1+r)^t] / r )That will tell us how much of a premium or discount to record (in this case it should be a discount) by subtracting the total of the two formulas from 50,000.The journal entry should look like this for the company making the loan:Notes Receivable---Discount on Notes Receivable---CashThen, every year, we amortize that by finding 11% of the carrying value of the note (Total PV we calculated x the market rate of interest). Whatever cash we pay (9% of 50,000) is subtracted from it as our interest component of that number. The remainder is amortized.The journal entry should look a lot like this:CashDiscount on Notes Receivable---Interest Revenue---Notes Receivable
What is the interest rate on online money market accounts?
Money markets rates vary based on which company you use. However, at this time the rates range from .9% to 1.25%. You should shop around to find the best rate. A small percentage increase can really add up over many years.
What accurately explains what an exchange rate of 1 to 9 between the European euro and Mexican pesos mean?
1 to 9 means one Euro equals nine Mexican pesos.
What does it mean when your baby's heart rate is only 60 at 6 weeks?
I am now 9 weeks. When I was 8 weeks my baby's BPM was at 164.
What is the acceptance rate into brearley?
about 9%
What percent is 9 out of 20?
% rate = 9/20 * 100% =45%
What percentage of 9 is 0.75?
% rate = 0.75/9 * 100% = 8.33%
What is 9 30s as a percentage?
% rate = 9/30 * 100% = 30%
