A company recorded two sales of $20.000 and $30,000 on March 1, 2007 under the credit terms of 3/10, n/30. Payment for the $20,000 sale was received on March 10, 2007. Payment for the $30,000 sale was received on March 25, 2007.What would be the gross sales for the month of March?

Gross method Net method

The antecedents of receivables are critical to the management of receivable assets and is the key driver of the cost to manage a company's revenue stream. A simple formula to illustrate this point is ____________.

In which of the financial statements will the sales discount be reflected?

The antecedents of Receivables are defined as all the up-front operations required for creating a receivable. They do not involve which of the following:

Why do companies bother with adjustments? Wouldn't it be easier to let items clear up the following month?

On the balance sheet, Receivables may be classified as ________

In a 'Quotation' , it is vital that the contract clearly define the agreed commercial terms and conditions. Which one does it exclude?

If your AR turnover went up from 5 to 7 over the course of a year, it means that _____________.

What do we call it when a firm extends credit terms that encourage the buyers of certain products to take delivery before the peak sales period and to defer payment until after the peak sales period?

Who is chapter 12 bankruptcy intended for?

If a company is to be audited for credit approval, what three statements must be provided?