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What are some creative ways to collect on receivables over 30 days old?
Loans based on receivables and inventories can be quickly liquidated, which is exactly what is happening.
In another obvious move to squeeze working capital, he cracked down on receivables by assessing interest on late payers.
On Oct. 27, the day the market crashed, Oxford reported it would record a loss on receivables.
In another obvious move to squeeze working capital, he cracked down on receivables by assessing interest for late payments.
Credit card operators' losses on receivables have further to go as consumer delinquencies trigger rising credit losses and higher provisions for loss reserves.
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Wind Information reported that in the first half of 2012, while listed company turnover on the A-share market climbed 8% year-on-year, receivables ballooned by 37%, to RMB 2.2 trillion (USD 345.15 billion).
Is someone staying on top of receivables, being careful about opening new accounts and making sure the existing ones are current?
Folk admitted in a deposition that this had led to "fudging" the age of receivables on MCI's books.
Is it that you're doing poorly with collecting on your receivables on a timely basis?
Allen I. Questrom and James M. Zimmerman, chairman and president, respectively, of the two companies, said that the chains were paying interest on accounts receivables and on their $700 million financing arranged since the bankruptcy.
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