So we'll just open one of our previous files. So here you can see there is a set of devices that you can see here, there is a router here, there is a laptop, there is a PC. All of them are connected through multiple number of devices and each of them are connected to each other. So this is how basically a network looks like on a packet racer. So the other thing that we wanted to look at is this, which is connections. So you can, this is something called auto connect. You can use this to connect two different devices and it will automatically decide which kind of cable is the best. But for example, if you have a router which has ethernet as well as fiber optic ports, you could choose between a fiber optic cable or a ethernet cable to use as a communication medium. Now going back to the properties that Cisco packet racer has, so one of them is called the modes. So under modes what we see is there is a real time mode and a simulation mode. Now to see what it means, let's go back to packet racer and see how they are different. So here what you see is a real time mode. In real time mode communication is happening, but if you switch to simulation mode, it opens a window here. So in this place, if you send a request from any of these laptops to say any of the devices on the network, it will actually show you hop by hop communication of all those packets. So in the simulation mode, you will be able to trace the entire communication from hop to hop. Whereas in real time mode, you will be able to verify if the communication is on real time. You won't be able to see it instance by instance. This is what is a logical representation of a network.


In this presentation, you will take a look at multiple choice questions related to receivables. First question, the maturity date of a note receivable is, the day of the sale, B, the day the note was signed, C, the day the note is due to be repaid, D, the date of the first payment, E, is the last day of the year. We'll go through the process of elimination now. The maturity date of a note receivable is A, the day of the sale. So the day of the sale is the beginning of the note, and maturity you would think would be when it matures kind of like the end of it. So it's probably not A. We're going to say B, the day the note was signed, and again that probably happens at the beginning of the note, and we may also think that A and B could possibly cancel each other out, then possibly happening on a similar time period, the beginning of the note, the same day possibly. So it's probably not B, I'm going to cross that out. C, the day the note is due to be repaid, that's the end of the note, and I would think that that would be more reasonable of a term for a maturity of a note. D says, I'll leave that for now, D says the date of the first payment, and you might think that the date of the first payment is a maturity in a sense, but it hasn't fully matured by that date because it's still going, and then E says, is the last day of the year, and that's kind of an arbitrary number, it doesn't necessarily have to be the last day of the year, so that's not it. So I'll leave C and D, and it says once again the maturity date of a note receivable is either C, the day the note is due to be repaid, or D, the date of the first payment, and again you might think that the payment would be when it becomes mature and yet not yet dead, right, it's still going, but actually maturity in this case almost kind of means when it dies, right, when the thing is done, and that's going to be C, the day the note is due to be repaid, it's matured at the date of the due date, basically the end of it, and it's going to be, you know, done after that maturity date, so the answer is going to be C, we're going to say that the answer is the maturity date of a note receivable is C, the day the note is due to be repaid. Next question, all the following statements regarding valuation of receivables are true except, A, the allowance method for uncollectibles is preferred unless uncollectibles are in material, B, receivables should be reported net of estimated uncollectibles, C, expenses for estimated uncollectibles should be recorded in the same period as related revenue, D, both percentage of sales, percentage of receivables can be used to estimate allowance for doubtful accounts, and E, bad debt expense is best recorded when it is determined to be uncollectible. Okay, let's go through these again. All the following statements regarding valuation of receivables are true except, so remember receivables were valuating them or valuing them, we're probably going to be doing so looking at the two types of methods to writing off the receivables or valuing the receivables, that being the direct write-off method and the allowance method. Now remember that whenever we work these problems, we're usually thinking the allowance method is the preferred method to use, so that's probably the one that we're going to be leaning towards as the best method if any of these statements indicate which method is best. So first we said the allowance method is, an allowance method for uncollectibles is preferred unless the uncollectibles are in material, and that seems reasonable. The allowance method is the preferred method unless something funny happens like they're in material in nature. So that seems true and therefore not the correct answer. B, receivables should be reported net of estimated uncollectibles, and that's under the allowance method versus the direct write-off method. This is the allowance method, so that would seem to be stating that we need to use the allowance method, which seems correct for you. That's usually the preferred method. And then C says expenses for estimated uncollectibles should be recorded in the same period as related revenue. And again, that's that's going to be the term. That's the other side of the receivable. We may not think about that as much, but that's really what the allowance method is doing. It's trying to match up the matching principle of revenue and related expenses earned during the same time period. So that's true and therefore not their correct answer. D, both percentage of sales, percentage of receivables can be used to estimate allowance for doubtful accounts. So again, this is telling us that we are using the allowance method, not the direct write-off method. And there's two ways that we can estimate what that allowance for doubtful accounts can be, either the percentage of sales method or percentage of receivables. And those are two valid methods we can use. So that one's not correct. That's correct, therefore not the right answer. And then E says bad debt expense is best recorded when it is determined to be uncollectible. Now, that describes the direct write-off method, which is clearly not the method we're looking for here, because whenever we look at these, we always are going to say, well, the allowance method is the one that they want, right? The one that's supposed to have the best matching principle and align with our accounting concepts best. So E looks like to be incorrect and therefore is the correct answer for this question. One more time. All the following statements regarding valuation of receivables are true, except E, bad debt expense is best recorded when it is determined to be uncollectible. So E, therefore, is not true and therefore correct.


When Reverend Jason Leiden was released from federal prison in 2003, he sat at a kitchen table and began to break bread in an unusual way through the form of letters. Got to a point where I was writing to about 35 people and that wasn't really going to work for me to just write to 35 queer and trans folks. And so I invited friends over and said, hey, I will cook dinner if you will write letters. And the melon distribution has expanded. Black and Pink reaches over 6,000 LGBTQ prisoners nationwide. What they're looking for is some semblance of folks who will remind them that they're not forgotten, people who will show some sense of care. And it's a place where you can come and get answers and feel comfortable, you know. And me as transgender, you know what I'm saying? I feel totally comfortable with Black and Pink because I know that I can be me and come in and be me, chalk why I want and feel comfortable and be myself. The letters have become a staff of hope, a lifeline for many the only way to describe the unspeakable.  And this shows that we see value in that. Black and Pink is more than a color. The organization proves daily that words, letters have the ability to empower. Reporting for the BU News Service, I'm Taylor Walker.