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The price consists of $228 million cash and $17 million in accounts receivable, the amount owed to a business for products that have been purchased.
TRACKING ACCOUNTS RECEIVABLE The early stages of a downturn benefit Ontario Systems, which has its headquarters in Muncie, Ind., said Wil Davis, president and co-founder.
One such fact is the trend in accounts receivable, the measure of how much customers owe but have not yet paid.
(Note: The older the receivable, the higher an agency's collection fee).
Similar(56)
The total purchase price on the credit-card deal will be equal to the size of the receivables on the transaction's closing date, which is expected within 90 days.
The portfolio has about $2.3 billion in receivables, the bank said.
But for the largely unregulated business of securitizing health care receivables, the damage may already have been done.
The much lower than expected anticipated quarterly results include approximately $81 million in writedowns and provisions for receivables the company no longer expects to collect.
Excluding a gain from the pending sale of its credit card receivables, the profit was 81 cents a share, 4 cents more than what Wall Street analysts had expected, according to Thomson Reuters I/B/E/S.
In terms of receivables, the company will integrate with CRM providers to allow sales orders to be turned into invoicing through the Bill.com platform.
Does it change the amount of cash, the amount of receivables, the inventory, amount of properties, or an expense?
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