Then estimate the payables period by doing that same calculation, but substituting average payables for receivables and total purchases for sales.
That's against $454 million in total receivables.
Its Visa account holders have a super-prime average credit score and account for 90% of total receivables.
Accounts behind 180 days or more, or in default and unlikely to ever get paid, fell to 0.68percentt of total receivables in August, from 0.70percentt in July, according to PayNet, which provides risk-management tools to the commercial lending industry.
Accounts behind 180 days or more, or in default and unlikely to ever get paid, fell to 0.71percentt of total receivables in July, from 0.73percentt in June, according to PayNet, which provides risk-management tools to the commercial lending industry.
For example, if the percentage calculated above is 91 percent, and the total accounts receivable balance is $200,000, then net accounts receivable are (.91 * 200,000) or $182,000.
What's left is the total of receivables in Household's existing operations — and that figure was off 1.5% in the first six months of this year.
Keep a record of each category for incomes and expenses from day one so sort and total: Invoices (receivables) billed to your customers - file in numerical order, most recent on top.
The deal raises Citigroup's total managed card receivables to nearly $169 billion; MBNA, the next largest, has a $107 billion portfolio.
That sum comes to half of Providian's total credit card receivables.
In the most recent quarter, which ended in June, E*Trade held $47 billion in mortgage securities, home equity loans and loans receivable, or three-quarters of its total assets.
