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Which of the two methods of estimating uncollectibles provides for the most accurate estimate of the current net realizable value of the receivables?
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Receivables from company officers and employees should be disclosed separately on the balance sheet?
Receivables from employees and officers should be listed separately on the balance sheet due to most receivables are from sales. This allows outside stakeholders to see an accurate picture on the company's ability to collect on credit sales.
What are the benefits of disposing of accounts receivables?
Accurate costing and controlling cost measures help to take important managerial decisions. Hence all credit based amounts should be disposed off for better accuracy. If they are unpaid, they become a bad debt expense. Trouble in collecting debts will also bring trouble in paying bills. Hence all accounts receivables should be disposed off as early as possible.
Lemming Company has current assets of 300000 current liabilities of 100000 and inventory of 150000 Lemming's acid-test ratio is?
The Acid Ration test formula is:Cash + Short Term investments + Net Current Receivables / Current LiabilitiesWithout having the full information needed, it's impossible to give you an accurate answer, however, using just the numbers you provided the equation would be:300000 + 150000 / 100000450000 / 1000004.50Which is an unusual high number for most companies.
What does cash application means in accounting terms?
Cash Application process is a simple process,applying customer payments to open receivables .When done properly,it forms the corner stone of an efficient collections effort,providing an accurate representation of what customers truly owe you.when the cash app process breaks down,however,we lose time and efficiency that negatively impact on sales,cash flow and cost of capital. Alphin Cheriyan +91-9020486498
Can one have an accurate income statement and an accurate balance sheet both at the same time?
yes
When it comes to estimating software, which one is the most accurate?
The best and most accurate estimating software is SPSS.
Why is estimating products of fraction useful?
Estimating is usually quicker and simpler than finding the exact value and a good estimate can often be sufficiently accurate for the purposes.
What are some good construction estimating services?
There are different types of construction estimating services such as concrete estimating, metals estimating, masonry estimating, sitework estimating, opening estimating, electrical estimating, MEP estimating. WorldEstimating is one of the best construction estimating company which is offering accurate cost estimation and material takeoff in all over the world.
Receivables from company officers and employees should be disclosed separately on the balance sheet?
Receivables from employees and officers should be listed separately on the balance sheet due to most receivables are from sales. This allows outside stakeholders to see an accurate picture on the company's ability to collect on credit sales.
What is the relationship between the contractor's cost estimating and cost accounting systems?
An accurate cost accounting system is the basic building block for a good cost estimating system.
Why is using a thermometer or a measuring cup both scientific then estimating temperature or volume?
Because it is more accurate.
Where can I get a free map of Arizona?
You can download a map from an online website and also you can go to any store or station or book store to find a map. id personally get a map book from the store as its much more accurate and realizable.
Are refinance calculators accurate?
Refinance calculators are a great tool when estimating home loan and payment rates. I would not suggest they are 100% accurate, but can be useful in giving someone a close approximation as to what their payment will be at a specific interest rate.
Does fireflies flash tell temperature?
No, fireflies flashing is a specific signal to attract a mate. Cricket chirps are, however, a reasonably accurate means of estimating temperature.
Why is carbon14 dating not accurate for estimating the age of materials more than 50.000 years old?
Too little carbon-14 remains after 50,000 years
What is the definition of front end estimation?
When using front-end estimation, we add or subtract the front digits, and then adjust for a more accurate estimation by estimating the sum of the digits to the right of the decimal point.
What is construction cost estimating?
Construction cost estimating is the process of determining the cost of materials and labor for constructing a buliding or other built object such as a dam. It is a skilled and difficult task and considerable experience is needed if an accurate estimate is needed. It would be prudent to use an architect or quantity surveyor to provide an estimate of construction costs for an expensive building. An example of how estimating is done is at the web link below. This clearly shows the difficulty of the task and how many variables must be taken into account.
