Accounts Receivable
This type of receivable is normally collected within 30 to 60 days.
What is an accounts receivable?
This type of receivable is a formal, written instrument.
What is a note receivable?
Receivables expected to be collected within a year are reported in this section of the balance sheet.
What is the current assets section?
This measures how frequently during the year the accounts receivable are being converted to cash.
What is accounts receivable turnover?
This company sells brewing systems and related beverage packets.
What is Keurig Green Mountain, Inc.?
The operating expense recorded from uncollectible receivables.
What is bad debt expense, or uncollectible accounts expense, or doubtful accounts expense?
The amount of time between the issuance and due dates of a note.
What is the term?
This is subtracted from accounts receivable to report the net realizable value of receivables.
What is the allowance for doubtful accounts?
This is in the denominator of accounts receivable turnover.
What is average accounts receivable?
Keurig uses this company to process its sales to department stores, supermarkets, and other retailers in the United States.
What is M. Block & Sons?
The two methods of accounting for uncollectible receivables.
What are the direct write-off method and the allowance method?
The party to whom the note is payable.
Who is the payee?
Current assets are normally reported in this order.
What is the order of their liquidity?
Estimate of the length of time the accounts receivable have been outstanding.
What is number of days' sales in receivables?
Keurig reported an account receivable from this company of over $100 million.
What is Costco?
This method of recording uncollectible expenses is not acceptable under US GAAP.
What is the direct write-off method?
Amount for which the note is written.
What is the face amount?
If the majority of the receivables of a company are due from one customer, a company would have to do this in its financial statements.
What is disclose it?
To simplify calculation of the number of days' sales in receivables, this would be in the denominator and 365 would be in the numerator.
What is accounts receivable turnover?
This company's accounts receivable turnover is 15.3.
What is DISH Network?
Two methods for estimating uncollectibles.
What are the percent of sales method or the analysis (or aging) of receivables method?
Amount that must be paid at the due date of the note.
What is the maturity value?
This would be disclosed in the financial statement notes regarding receivables.
What are unusual credit risks?
Lengthening credit terms could cause an increase in this.
What is the number of days' sales in receivables?
This company used 7.1% as its percent of Allowance for Doubtful Accounts to Total Accounts Receivable.
What is Coca-Cola?