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?

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

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

On January 1, 2007 Al's Cleaning Services received an advance payment of $3,000 for three months of cleaning services. The $3,000 was recorded as Unearned Cleaning Revenue because the services had not yet been provided. Which of the following will the January 31, 2007 adjusting entry include?

A company would choose to factor it's receivables because:

Athens Corp. sold 80% pro rata interest in a $2,000,000 note receivable to Sparta Company Ltd. for $1,920,000. The note was originally issued at its face amount. Future benefits and costs of servicing the note are immaterial. If the provisions of SFAS 140 are followed, the amount of gain or loss that the former should recognize on this transfer of a partial interest _________ .

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

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 ____________.

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

An invoice is_____________

Accounts Receivable is recorded as _________