掃碼下載APP
及時接收最新考試資訊及
備考信息
Red Co. had $3 million in accounts receivable recorded on its books. Red wanted to convert the $3 million in receivables to cash in a more timely manner than waiting the 45 days for payment as indicated on its invoices. Which of the following would alter the timing of Red's cash flows for the $3 million in receivables already recorded on its books?
a. Change the due date of the invoice.
b. Demand payment from customers before the due date.
c. Discount the receivables outstanding.
d. Factor the receivables outstanding.
答案:D
Explanation
Choice "d" is correct. Factoring receivables is the process by which a company converts its receivables to cash by assigning them to a factor, either with or without recourse.
Choice "a" is incorrect. The fact that the receivables have been recorded implies that the company has already sent invoices to its customers setting the payment due date. Generally, the due date cannot be changed after the invoice has been sent, nor is changing the due date likely to speed up the overall customer payment rate.
Choice "c" is incorrect. Discounting is the process of converting notes receivable, not accounts receivable, to cash.
Choice "b" is incorrect. Demanding payment from customers before the due date is likely to anger customers, but is not likely to speed up the overall customer payment rate. The invoice sets the payment terms of the receivable.
思維導(dǎo)圖
學(xué)習(xí)計劃
科目特點
報考指南
歷年樣卷
財會英語
安卓版本:8.7.50 蘋果版本:8.7.50
開發(fā)者:北京正保會計科技有限公司
應(yīng)用涉及權(quán)限:查看權(quán)限>
APP隱私政策:查看政策>
HD版本上線:點擊下載>
官方公眾號
微信掃一掃
官方視頻號
微信掃一掃
官方抖音號
抖音掃一掃
Copyright © 2000 - odtgfuq.cn All Rights Reserved. 北京正保會計科技有限公司 版權(quán)所有
京B2-20200959 京ICP備20012371號-7 出版物經(jīng)營許可證 京公網(wǎng)安備 11010802044457號