New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

ACC 131 Seipp Week 8 Lecture Notes: 10/5-10/9

by: Daniel Hemenway

ACC 131 Seipp Week 8 Lecture Notes: 10/5-10/9 ACC 131

Marketplace > Illinois State University > Accounting > ACC 131 > ACC 131 Seipp Week 8 Lecture Notes 10 5 10 9
Daniel Hemenway
GPA 3.93
Financial Accounting
Edward Seipp

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

I am an Elite Note Taker and I will be posting notes each week, along with study guides for exams for BSC 101 (Helms), ACC 131 (Seipp), and ECO 105 (Goel). Give them a look and refer your friends ...
Financial Accounting
Edward Seipp
Class Notes
25 ?




Popular in Financial Accounting

Popular in Accounting

This 1 page Class Notes was uploaded by Daniel Hemenway on Thursday October 15, 2015. The Class Notes belongs to ACC 131 at Illinois State University taught by Edward Seipp in Summer 2015. Since its upload, it has received 33 views. For similar materials see Financial Accounting in Accounting at Illinois State University.


Reviews for ACC 131 Seipp Week 8 Lecture Notes: 10/5-10/9


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/15/15
ACC 131 Seipp 105 109 Cash Management Factoring Receivables Factoring Receivables Selling receivables to other companies at a discounted rate When receivables are factored the seller receives an immediate cash payment reduced by the factor s fees The factor the buyer of the receivables acquires the right to collect the receivables and the risk of uncollectibility Notes Receivable Notes Receivable Receivables hat generally specify an interest rate and a maturity date at which any interest and principal must be repaid Promissory Note Principal The amount lent Interest The excess of the total amount of money collected over the amount lent Maturity Principal and interest rates are due Calculating Interest Rates are always annual unless stated otherwise Interest Principal x Annual Int Rate x Fraction of One Year which is T12 Analyzing Receivables Accounts Receivable Turnover Accts Rec Turnover Net Sales Avg Net Accts Receivable Avg Net Accts Receivable Beginning Accts Rec End Accts Rec 2 If the Accts Rec Turnover 64 take 36564 in order to see how often your accts Receivable are being paid 36564 570350 every 5703 days your accts Receivable are being paid


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Allison Fischer University of Alabama

"I signed up to be an Elite Notetaker with 2 of my sorority sisters this semester. We just posted our notes weekly and were each making over $600 per month. I LOVE StudySoup!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.