How do you calculate the days' sales in accounts receivable?

What is the ISO standard for financial services messaging?

There are two tests for insolvency. What are they?

You have a customer whose financials are deteriorating and credit limit is likely to be reduced. What is the best course of action?

True or False? Signing a contract always creates a liabiity or asset.

True or False? According to the IRS, bad debts can always be used as an allowable deduction when computing profits for a company.

Which one of the criteria that must be met before control is deemed to be surrendered?

Before an order can be routed to fulfillment, it must be reviewed to ensure that it meets the conditions of an acceptable order. Which of the following elements do these conditions include? 1.Price 2.Freight terms (which party pays freight) 3.Payment terms 4.Delivery (or) completion date

The credit policy of Spurting Products inc. is '1.5/10, net 35.' At present, 30% of the customers take the discount, 62% pay within the net period, and the rest pay within 45 days of the invoice. If all the customers took advantage of the cash discount, the Receivables ________.

Why would a company break revenue up into specific accounts instead of having one master 'revenue' account?

How do collection agencies typically work with a company with receivables?