Response to the following questions:
Q1. Define a note receivable and give an 30 examples how interest is calculated on a short-term note receivable.
Q2. How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables? Explain with 30 examples
Q3. Explain what is meant by depreciation.Describe the methods of depreciation and give a numerical 30 examples for each method
Q4. Explain how to calculate times interest earned and explain with an 30 examples how it is used to analyze a company