Complete the Table

question 68

Short Answer

Complete the table:
$$\begin{array} { | l | l | l | l | l | } \hline \text { Beg Inventory } & & \text { Units } & \text { Unit Cost } & \text { Dollar Cost } \\\hline & \text {Jan } 1 & 10 & \$ 7.00 & \text { A } \\\hline & \text { Apr } 11 & 30 & \$ 12.00 & \text { B } \\\hline & \text { May } 17 & 40 & \$ 13.00 & \text { C } \\\hline & \text { Dec } 5 & 20 & \$ 15.00 & \text { D } \\\hline\end{array}$$

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Definitions:

Accrued Interest

The interest that has been earned but not yet paid, accumulating on loans, bonds, or any other financial instruments over a period of time.

Notes Receivable

Financial assets representing amounts owed to a company by debtors, typically evidenced by formal instruments with specified payment terms.

Factoring Fee

A charge assessed for the service of factoring, where a business sells its receivables to a third party at a discount.

Accounts Receivable

The money owed to a business by its customers for goods or services delivered or used but not yet paid for, considered a current asset on the balance sheet.