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Any time goods are sold or services are provided without an immediate payment in exchange, there is an account receivable created to record the amount due to the provider. While the intention is to collect 100% of these sales made on account, that isn't always the reality. Companies have to be realistic in their collection expectations of their accounts receivable. Because of this, they often need to review and estimate their bad debt expense and their net realizable value of their accounts receivable, or in other words, what they really expect to collect of those accounts.
William Commerce, owner of Commerce Commercials, has some questions for you as the office manager of his company. For your initial post, draft a professional email to William Commerce to address the following questions:
Question 1: Why do we as a company have to estimate and record anticipated uncollectible accounts? Can't we just record the revenues earned when the cash comes in? Why would we even extend credit to customers who don't pay their debts? What are these Generally Accepted Accounting Principles anyway, and which ones require this recording of revenues when earned and expenses when incurred, and the estimating of the bad debts?
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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