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Bank Loans- accounts receivables Deposit –accounts payable Advertising agency Commissions are sales; make media purchases on behalf of the clients A normal firm- one dollar of sales –generate roughly one dollar of account receivables This firm- 0.15 dollar of sales- generate one dollar of account receivables 1 dollar of sales-generates 6.67 account receivables (Receivables over sales) collection period of the firm will look bad. Customers and clients? When do they pay? Business-customers: pay cash- 0 days B-C: pay by credit card- 1-2 weeks (depends on bank) B-B: (depends on countries) standard time for US- 30days DISCUSSION #Inventory turnover->service/ products Advertising/ grocery/ airlines (what are you buying?-the right to use/ experience-inventory should be roughly zero/ assets heavy)
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