answer 4,6,7,8,9,10

1. Chapters Questions Chapter 9- Receivables 1. What is the difference between an account receivable and a note receivable? 2. What are some common types of receivables other than accounts receivable and notes receivable? 3. What are the essential features of the allowance method of accounting for bad debts? 4. Roger Holloway cannot understand why cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Roger. 5. How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? 6. Regina Golden, the vice president of sales for Tropical Pools and Spas, wants the company's credit department to be less restrictive in granting credit. "How can we sell anything when you guys won't approve anybody?" she asks. Discuss the pros and cons of easy credit. What are the accounting implications? 7. JC Penney Company accepts both its own credit cards and national credit cards. What are the advantages of accepting both types of cards? 8. An article recently appeared in the Wall Street Journal indicating that companies are selling their receivables at a record rate. Why are companies selling their receivables? 9. Your roommate is uncertain about the advantages of a promissory note. Compare the advantages of a note receivable with those of an account receivable. 10. How may the maturity date of a promissory note be stated