There Ohio statutes exempted from taxation certain accounts receivable owned by residents of the State but taxed those owned by nonresidents.
The stated purpose was to proffer to other States a right to tax accounts receivable owned by residents of Ohio that derived from sales of Ohio goods negotiated and consummated in such other States in exchange for a claimed Ohio right to tax the accounts receivable owned by residents of other States that derived from sales of their goods negotiated and consummated in Ohio.
"Tough Guys Finish First" (May 10, p. 66) is a prime example of the fact that whoever owns accounts receivable owns the business.
Household's loan losses, mirroring those in the industry, have risen to an annualized rate of 4.3% of managed receivables (those it owns and those it services).
So, Xerox owned $15 billion of receivables in 1999.
In many cases, the company deliberately lent more to the facilities, many of which were owned by Mr. Poulsen, than their receivables were worth.
The University's assets on the Statement of Financial Position represent resources owned or used by the University and include cash, accounts receivable, prepaid expenses, inventory, pledges receivable, loans receivable, investments, and plant facilities.
Of course, not a single speaker mentioned that the largest asset class owned by most small businesses, i.e., accounts receivables, didn't at all drop in value.
DVI, a publicly traded firm owned partly by the billionaire Pritzker family, has been securitizing receivables as an adjunct to a medical financing business, but it is a distant number two to NCFE.
The company wants to help accounts receivable teams when it comes to tracking who owns what.
