FIN571 Week3 Something to think about-Aging Schedule - 18717

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  • Posted on: Wed 17 Jul, 2013
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I wouldn't be a good finance kind of guy if I didn't talk about an aging schedule in receivables. An aging schedule is a table showing the total dollar amounts and the percentages of total accounts receivable that fall into several age classifications. It provides a picture of the quality of outstanding accounts receivable. Such schedules usually show those receivables that are 0 to 30 days old, 30 to 60 days old, 60 to 90 days old, and over 90 days old.  Why is it so important to have a low aging receivable if you owned or was in charge of a company!

 

You play CFO for the day, what are the primary advantages and disadvantages of leasing? of purchasing?  Think about your cash situation!

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Accounts receivable aging helps companies structure their operating budgets. It is important to understand the existing payment habits of company's clients a

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