The accounting department of a large firm is interested in modeling the dynamic of its accounts receivable (that is, the money that is owed to it by its customers) when a charge sale occurs, abill is sent out at the end of the month .payment is due within thirty days ,but may not occure in that time. if no payment is received within six months of the billing date, the amount is classified as bad debt. thus, an individual account is described by its age in months, or by "paid" or by "bad debt".for numerical values, assume that the prob. that payment is made in the first month is 0.8 and decline by 0.1 each additional month. that is, the prob. it is paid in the second month is 0.7 ,in the third month is 0.6,and so on. formulate the terminating markov chain that describes the debt payment.

Can someone me with general journal entry on this? ?

If a business is in need of working capital, one option is to use a(n) that will buy the company's account receivables and then handle their collection for a fee.

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.