Typically, as a company is paid, it replaces the old receivables with new ones.
By Jeremy Olshan As a vice-president at Wonton Food, Inc., in Long Island City, Donald Lau manages the company's accounts payable and receivable, negotiates with insurers, and, somewhat incidentally, composes the fortunes that go inside the fortune cookies, of which Wonton is the world's largest manufacturer.
As a vice-president at Wonton Food, Inc., in Long Island City, Donald Lau manages the company's accounts payable and receivable, negotiates with insurers, and, somewhat incidentally, composes the fortunes that go inside the fortune cookies, of which Wonton is the world's largest manufacturer.
E-mail address GO SIGN UP Share Tweet As a vice-president at Wonton Food, Inc., in Long Island City, Donald Lau manages the company's accounts payable and receivable, negotiates with insurers, and, somewhat incidentally, composes the fortunes that go inside the fortune cookies, of which Wonton is the world's largest manufacturer.
The salvage value (any collateral or factored receivables) associated with the loan portfolio is denoted, χ.
Heymann of Sterne Agee notes that GE's loan-loss reserves are around 2.36% of receivables, compared with 3% at comparable banks.
Strictly speaking, a pure factoring arrangement has the supplier of funds acquiring the receivables, along with all the risks of nonpayment or late payment.
We have had no problems with accounts receivable and we expect to maintain our collection days at 30 with thirty percent of sales on credit.
After financing the sale of jets by Empresa Brasileira de Aeronautica S.A. to the AMR Corporation, the bank will back the two-and-a-half-year bonds with accounts receivable from the deal.
