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Please prepare a FLOWCHART with appropriate FLOECHART symbols to represent the procedures and documents for cash collections from credit customers. (i.e Microsoft Visio) Cash Receipts from cash sales are represented by a different flowchart.
The Mail Room recieves all customer receipts, opens the mail, and separates the checks from the remittance advices. If cash is received then it is recorded in cash receipt list and filed by date to be processed once checks are completely processed.The Mail Room prepares a daily daily listing of the checks recieved (the daily remittance list). If no remittance advice is received, the mail clerk prepares once. A copy of the daily remittance list is sent to the Controller. A remittance advice is part of or a copy of the sales invoice sent to a customer and intended to be returned with the payment. It contains the customer's name, the invoice number, and its amount. Cash receipts and copy 1 of the daily remittance list are forwarded to the Cash Receipts for preperation of the deposit ticket and recording in the cash receipts register. The receipts are deposited daily by Cash Receipts. The validated (by the bank) deposit ticket is returned to the Controller. The Controller reconciles the validated deposit ticket with the daily remittance list of cash received from the Mail Room. A journal voucher (entry) prepared by Cash Receipts indicating the debit to cash and credit to accounts receivable is sent to the General Ledger. The remittance advices are sent to the Accounts Receivable for posting the reductions in accounts receivable to the individual customers' accounts. The remittance advices are then filed by date.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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