CMA Study Group

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  • 1.  Effective interest calculation

    Posted 06-11-2019 01:56 AM
      |   view attached
    Please help with question attached.

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    Yousuf Syed
    Accountant
    Jeddah
    Saudi Arabia
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  • 2.  RE: Effective interest calculation

    Posted 06-12-2019 08:01 AM
    days sales in receivable =360/880*4800=66
    effective rate=2/.98*360/66=11.13%




    Original Message


  • 3.  RE: Effective interest calculation
    Best Answer

    Posted 06-12-2019 11:48 PM
    days sales in receivable =360/880*4800=66
    effective rate=2/.98*360/66=11.13%


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    Harrison Zhang

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    Original Message