Audit Sampling
1538 words 3 pages

The purpose of this memo is to communicate the results and findings from our team’s assessment of the Accounts Receivable balances for Key West Company as of 20X1. Our team has already completed a thorough evaluation of the company’s internal control and we believe they are excellent. Therefore, the team has decided to use the […]

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Accounting Accounts Receivable Audit Business Business Operations Business Process Education Finance Management Risk Science Special Education
Exam in Tle
792 words 2 pages

Valenzuela National High School Third Periodical Examination Technology and Livelihood Education – Basic Bookkeeping and Accounting S. Y. 2011 – 2012 I. Multiple Choice: Directions: Read and analyze the questions carefully and write the letter of the correct answer on your answer sheet.  What columnar sheet of paper is used to summarize information needed to […]

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Accounting Accounts Receivable Balance Sheet Business Company Earnings Examination Finance Health Income Statement
Butler Lumber
1091 words 3 pages

Butler Lumber Case Study Statement of Financial Problem Butler Lumber Company, a growing profitable business has exhausted its credit limit and the key issues facing it are: Need for additional funds to continue the growth Need to consolidate debt Need to improve cash flexibility. In this case study I will be discussing following problem: Why […]

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Accounting Accounts Receivable Balance Sheet Bank Business Debt Finance Financial News Financial Ratios Limit Marketing Working capital
Butler Lumber Analysis
510 words 1 page

Nevertheless, both ratios are on a relatively low level. In addition, below are some other ratios on the company that I might refer to later: [pic] 2) As in the table above, the collection days for Accounts Receivable are rather long. With increasing sales figures, as displayed in the previous years by the Butler Lumber […]

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Accounting Accounts Receivable Bank Business Debt Finance Financial Ratios Financial Services Funds Investing Loan
Finman Case Study
899 words 2 pages

FINANCIAL MANAGEMENT BUSINESS CASE “Assets Evaluation” Adapted from: Marshall, D. H. , McManus, W. W. , and Viele, D. F. (2008). “Accounting: What the Numbers Mean”, 8th edition. New York: McGraw-Hill Irwin. You have been approached by the President of MT Construction Company for your advice on a number of business and accounting-related matters. Your […]

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Accounts Receivable Finance Financial Services Study
Ratio Analysis of Mundra Port and Sez
10051 words 20 pages

INTRODUCTION TO PROJECT Financial statement analysis is largely a study of relationship among the various financial factors in a business as disclosed by a single set of statements and statements. Financial statements analysis is an attempt to determine the significance and meaning of the financial statement data so that forecast may be made of the […]

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Accounts Receivable Database Debt Financial Ratio
Working Capital Strategies for Microsoft
1172 words 3 pages

Working Capital Strategies By Forecasted If Microsoft forecasted revenue increase by 20 percent’s for the upcoming year, several parts of the annual report will be affected by the 20% increase forecast. First of all, the income statements will alter their revenues from 16,195 million dollars to 19,434 million dollars. Revenue is not the only thing […]

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Accounts Receivable Finance Working capital
The Best Ways to Prevent Overdue Accounts
286 words 1 page

First step in preventing overdue accounts is to analyze the potential customer’s credit report before you extend them credit. The reports show historical payment data and a rating that demonstrates how likely they are to pay their bills. While you don’t want to destroy any future or existing business relationships by laying down strict payment […]

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Accounts Receivable Bank Business Credit Card Finance Funds Horse Investing Money Payment Sports
Surecut Case
645 words 2 pages

What assumptions did Mr. Fischer make when he prepared the forecasts? Were these assumptions reasonable? Mr.Fischer made assumptions for both the income statement and the balance sheet. Income statement. We calculate the percentage of variation from one month to another in terms of sales and gross profit. When Mr.Fischer prepared the forecast of his income […]

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Accounting Accounts Receivable Balance Sheet Bank Business Company Earnings Finance Income Statement Investing Recession Revenue
Go with the Flow
379 words 1 page

Go With the Flow, Incorporated (“Company”) designs, manufactures, and sells a broad range of mobile network products and systems and communication devices, including mobile, cordless and corded telephones. The Company’s primary sources of liquidity are internally generated cash flows, the Company’s debt and revolving credit facilities, and the sale of trade accounts receivables. The Company’s […]

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Accounting Accounts Receivable billing Business Debt Finance Insurance
Jones Case Write-Up
648 words 2 pages

To create the pro forma operating statement we used ratios of COGS/Sales and Operating Expense/Sales for years 2004, 2005, and 2006. We then took the average of these ratios and multiplied them by sales for 2007 to come up with 2007 COGS and Operating Expenses. To calculate interest expense we included the outstanding loan Jones […]

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Accounts Receivable Database Depreciation Expense
Sunbeam Case
469 words 1 page

Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? First, after Al Dunlap was hired, Dunlap wanted to surround himself with loyal executives, such as Mr. Kersh, and fired the existing senior managers. This strategy […]

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Accounting Accounts Receivable Asset Balance Sheet Business Depreciation Finance Financial Services Health Inventory Investing Therapy

Popular Questions About Accounts Receivable

What is accounts receivable in simple words?
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit.
What is accounts receivable and payable?
Accounts receivable (AR) refers to the amount of money that's owed to a company for goods or services but hasn't yet been paid. ... Accounts payable (AP) is essentially the opposite of accounts receivable – it's the amount of money that a company owes to other businesses.
What is an example of an accounts receivable?
An example of accounts receivable includes an electric company that bills its clients after the clients received the electricity. The electric company records an account receivable for unpaid invoices as it waits for its customers to pay their bills.
Is account receivable a credit or debit?
The amount of accounts receivable is increased on the debit side and decreased on the credit side. When cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited.