Tag Archives: note receivable

How does John Deere account for the loans it makes to farmers for the purchase of tractors and crop supplies?

September 26, 2017 by Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA 0 Comments

Deere & Company (NYSE: DE), otherwise known as John Deere, builds tractors and other farm equipment. For the past several years, it has been difficult for farmers to get bank loans for planting crops and for purchasing large, expensive farm equipment. Deere has stepped in to fill the gap in agricultural financing – Deere makes […]

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Ch 05 Receivables and revenues, Financial accounting
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When LoanMax loans cash to individuals with a 25% monthly interest rate, does it have a receivable or a payable AND is it an ethical practice?

September 20, 2016 by Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA 0 Comments

Car title lenders are considered to be predatory lenders, since they charge high rates of interest to those individuals who can least afford it. Various laws in recent years have attempted to curb the high interest rates and these practices. Car title lenders still operate and some would argue that they fill a need in […]

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Ch 02 Transaction analysis, Ch 05 Receivables and revenues, Financial accounting
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