View Policies Current Attemptin Progress o | Compute the missing amount for each of the following notes: (Use 360 days for calculation.) e Principal Annual Interest Rate Time Total Interest ' 3' 1 $40,000 10% 2.5 years $e 7 2 ' == T ),/4,r11 Q SRR | M EDOOOCHENI. | % 9 months $7,200 . T E e 10% 90 days $1,500 7 ' e g X $40,000 9% T | months $1,200 ' Attempts: 0 of 1 used Save for Later W''/"/ Match the following statements to the appropriate terms. i demand or at adefinite time. L;,___P\"#,, i etopaya specified amount on ' e N A written promis | Ppercentage of sales basis Sales that involve the customer, the retailer, and the credit card issuer. ' Direct write-off method Promissory note The net amount a company expects to receive in cash. Percentage of receivables basis Dishonored note Amounts owed by customers from the sale of goods and services. YT ROR TS Factoring Average collection period A note which is not paid in full at maturity. G e edit card sales Analysis of customer account balances by length of time they have been unpaid. 5 Emphasizes expected cash realizable value of accounts receivable. | s Generally not acceptable for financial reporting purposes. The amount of time that a receivable is outstanding. : Sale of accounts receivable to a factor. T Save for Later @_ e ' Attempts: 0 of 1 used