Analyze the criteria for the sale of receivables.
Propose one method that would achieve the maximum amount of money from the sale.
Respond:
According to the Wiley CPA review, “Accounts Receivable (AR) is the proceeds or payment that a business or a company gets back from their customers” A debtor who is person or enterprise that owes money to the business is a customer, who have purchased goods & services on credit. Usually the credit period is short ranging from few days to months or in some cases maybe a year.
Four different types  of receivables are:
Accounts Receivable, notes receivable, trade receivables and non-trade receivables.  The most liquid is notes receivable.  Receivables are valued on the balance sheet at net realizable value.

 

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