UN Convention on the of Receivables - Assignment Example

Introduction to Accounts: Financing the Short-term Obligations of the Business Name Class Professor Date Introduction to Accounts: Financing the Short-term Obligations of the Business I.... Source of finances for meeting short term obligations Sourcing of funds either to start up a business, to expand its operation or to settle its obligation is not limited to capital paid up by its owners....

   (a) Compute the following: (1) Total quick assets $2,770 and is calculated as follows: Calculations of Total quick assets: Cash and cash equivalents $620 Investments in marketable securities $300 receivables $1,400 Prepaid expense and other current assets $450 Quick assets $2,770 (2) Total current assets $3,870 and is calculated as follows: Calculation of total current assets: Cash and cash equivalents $620 Investments in marketable securities $300 receivables $1,400 Inventories $1,100 Prepaid expenses and other current assets $450 Current assets $3,870 (3) Total current liabilities $2200 i....

The new Chief Financial Officer (CFO) decided to use the percent of receivables method and estimated that 10% of Accounts Receivables at December 31, 2010, will be uncollectible.... In the research paper “Preliminary Trial Balance of Wilma Wildcats Company,” the author provides the chart of accounts....

Marsh Factors assesses a finance charge of 3% of the amount of receivables sold.... The company uses the percentage-of-receivables basis for estimating uncollectible accounts.... On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh Factors Inc.... Prepare the entry on Cornwell Appliances books to record the sale of the receivables....

This is the number of the amount of profit produced in every one dollar of sales.... Thus, from the data given for the company, the return on sales is 0.... 463 which is 4.... %.... This is even in all the four years and implies… Return on Equity (ROE) measures the rates on ownership interest of common stock owners....

The present assignment under the title "Billy Bristol" is focused on the financial situation of Billy Bristol company.... It is emphasized here that within two months of operations, Bristol Maintenance is able to generate $6,974.... 0 net income.... hellip; When working as an employee, it is less probable that Billy Bristol will generate an increasing take home monthly salary....

The school also must not give additional services to parties that have not paid for the previous services to reduce the amount of money in the accounts receivables (McCarthy, Nancy and John 200).... As a financial consultant, I considered a variety of accounting methods to come to a conclusion....

iii) A credit evaluation and approval process; iv) Credit continuation procedures to support continuous monitoring of receivables portfolio and overall appropriate risk; v) Collection procedures  Modern Farm Equipment's credit policy i) The board memo indicates 'they cannot continue holding their customers as long as they have been'- this indicates that the receivables aging performance has not been done well as there are a great number of customers who have not paid within the stipulated time periods assigned....