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Unformatted text preview: 5. Accelerate cash receipts from receivables when necessary 15) Prepare schedules, monitor receipts 16) Threat of non-payment from someone who owes a large amount that could hurt the company if not paid 17) No. Look at the receivables turnover rate 18) The new sales director is giving people longer to pay. This means that sales may be reported during one month, but there may be no payment for the goods made during that period, which will cause losses to be reported the following month if no payment is made. 21) Easy source of cash 4A) a) $41,000 b) $22,000 c) $24,000 d) You may write off more than is necessary, which will mess up the books 7A) Transactio n Current Ratio Turnove r Perio d 1 I I I 2 D NE I 3 NE NE D 4 I I NE 9A) Nike Adidas Turnover Rate 3.25 3.92 Period 112.16 93.13...
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