Bring up some organizations that will buy company's receivables for cash. List a couple please
Bring up some organizations that will buy company's receivables for cash. List a couple please
Homework Answers
Factoring means that someone will buy your receivables and they will do the collecting. Factoring is the legitimate business. Some of the top factoring organisation of the world are:
- FundThrough
- Blue Vine
- TCI Business Capital
- alt Line
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Bring up some organizations that will buy company's receivables
for cash. List a couple please
A new concept for some organizations is to allow nurses to bring in their own devices...
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Describe some of the internal procedures for cash and receivables management?
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The receivables collection period measures the ability to collect cash from customers who buy on credit. 。. True ○ False
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The receivables collection period measures the ability to collect cash from customers who buy on credit. 。. True ○ False
AP6-10B (Accounts receivable and uncollectible accounts-aging of receivables method) Quick Sweep Ltd. manufactures industrial sweepers for cleaning malls and other commercial space. All sales are on account, with terms n/45. During the year ending October 31, 2020, Quick Sweep recorded sales of $9,210,000. The company's bookkeeper prepared the following aging schedule as at October 31 Receivable Amount S724,000 685,000 197,000 109,000 Number of Days Outstanding Less than 45 45 to 90 90 to 120 More than 120 Estimated Percentage Uncollectible...
5.5 Manipulating the Statement of Cash Flows You are the company's chief financial officer. It is early December, and your accountants have produced financial statements showing provisional results for the year. (Your company's fiscal year ends on 31 December.) You show these to the CEO who then expresses concern about several figures. One figure in particular, cash flow from operations (CFFO), appears low. The CEO wonders if any- thing can be done before the end of the year to increase...
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