Account Receivables

Question by sportfan3224: How much of an advance would a factoring company give for 2 billion dollars in invoices? If 2 million people owe you $ 1,000, what would be your guess? Best answer: Answer by MichelleIt depends on how good the debt is. It would range from zero up to 70%. But they would [...]

Question by ac: What is the formula for determining Bad Debt? It’s an accounting formula that I cannot find. Best answer: Answer by reportmepleasethat’s because there ISN’t a formula….the allowance for bad debts is made by the managers/finance department and is on a case by case basis basically…..usually based on historical trends, and perhaps since [...]

Question by k mac: How do you solve this problem by factoring by grouping? The problem is 3x^3+x^2-15x-5. I have no idea how to solve this problem. What are the steps in factoring by grouping> Best answer: Answer by mohanrao d3x^3 + x^2 – 15x – 5 =>x^2 (3x + 1) – 5(3x + 1) [...]

Question by Arsenal4Life: how do you calculate inventory and depreciation in a cash flow statement? ok the question is to prepare a cashflow statement given some details. i understand how to classify things from operating, investing and financing. however, i’ve read that u need to reconcile the inventory and depreciation accounts along with debtors and [...]

Question by a_name_i_couldnt_find: Confusion on reporting Bad Debt Expense? When reporting a bad debt expense on a financial statement, do we include a debit balance for the Allowance for Uncollectible Account? Or does the bad debt expense just include all the estimated debt(past due) that we will not receive and the Allowance for Uncollectible Account [...]

Question by gymnastics is love.: How to create a factoring program on ti 84 plus? For something like X^2-25 = (x-5)(x+5) I know there are other questions like this, but they have the link, and my computer wont let me download the program. So can someone could create step-by-step instructions on how to create a [...]

Question by sportfan3224: What info is needed to sell debt to someone or a factoring company? Besides the contract that was accepted by the other people. Best answer: Answer by IanFor a single debt, I expect you would need all of the documentation, ie contract, invoice, payment record, statements sent, letters sent and received, note [...]

Question by overstockto: Who are the risks when we factor an invoice with a factoring company? If depends; then what is the ups and downs if its our own risk and if its the factor’s risk? Best answer: Answer by Andy HIf the receivable goes bad, you’re still on the hook for it. The factoring [...]

Question by shinhappens: If I were to purchase a bad debt account, would I need a license to collect on it? Under the same circumstance of me owning the account or several accounts, would I still need a license? Best answer: Answer by RemembertheUtahNo. You would be covered under the Uniform Commercial Code contract law. [...]

Question by Comrade Coleman: With The Government Creating a New Agency to Absorb Bad Debt ? Can I slide out of my credit card bills like I did on my student loans? Especially since Palin has said that it is unpatriotic to pay taxes? Best answer: Answer by right you are kenAnother agency? How many [...]