Stop Being Stressed, Let Our Experienced Writers Handle it for you

  • 100% Original Papers Guaranteed
  • Original and creative work
  • Timely delivery guaranteed
  • 100% confidentiality guarantee

    Accounts receivable management

     Neumann Distributors is a growing company whose ability to raise capital has not been growing as quickly as its expanding assets and sales. Neumann’s local banker has indicated that the company cannot increase its borrowing for the foreseeable future. Neumann’s suppliers are demanding payment for goods acquired within 30 days of the in- voice date, but Neumann’s customers are slow in paying for their purchases (60-90 days). As a result, Neumann has a cash flow problem. Neumann needs $160,000 to cover next Friday’s payroll. Its balance of outstanding accounts receivable totals $800,000. To alleviate this cash crunch, the company sells $170,000 of its receivables. Record the entry that Neumann would make. (Assume a 2% service charge.)

    Order your paper today and have it written by a professional. You will get assigned a top 10 writer on our team. Additionally, for this your first order, one page will be written for you for free. We guarantee timely delivery and a first class written paper that fully follow your instructions. In case you experience any difficulty placing the order, don’t hesitate to contact our 24/7 support team via the Live Chat at the bottom right of the page. Moreover, use the code below to get more discount.
    Get a 15 % discount on an order above $ 120
    Use the following coupon code :