A bank makes a 7% $100,000 discount loan for one year. What is the real effective interest rate (to 2 decimals) on the loan? Question 26 Not yet answered Enter only numbers and decimal: % Marked out of 4.00 P Flag question A lockbox is a cash management technique for keeping cash and marketable securities safe and secured. Question 27 Not yet answered Select one: True False Marked out of 2.00 P Flag question Question 28 Which of the following statements is NOT true? Not yet answered Marked out of 4.00 Select one: a. An increase in the DSO means the firm is taking longer to collect on its Receivables. b. A more aggressive collection policy will reduce bad debt expenses, but may also decrease sales as annoyed customers take their business elsewhere. c. Increases in the ages of accounts receivable means accounts are being collected faster. d. Credit Standards are applied to determine which customers the company wants to provide credit to. P Flag question Question 29 Not yet answered Prepare an Aging Schedule for the following Accounts Receivable as at June 30, 2020. Use the following headings: Current Overdue 1-30 days Overdue 31-60 days Overdue 60 days+ Marked out of 4.00 P Flag question ABC Company May 5, 2020 Dollar Value June 12, 2020 Budget Cars April 13, 2020 Quik Delivery March 9, 2020 Best Books April 26, 2020 Fast Pizza June 24, 2020 Total Accounts Receivable $2,000 5,000 3,000 1,000 2,000 7,000 $20,000 What percentage %) of the total accounts receivable is 31-60 days overdue as at June 30, 2020? Enter only numbers and decimal (do not use a % sign): %