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VikaD [51]
2 years ago
14

Companies sometimes convert receivables to cash before they are due by selling them or using them as security for a loan. The re

asons that a company may convert receivables before their due date include:
Business
1 answer:
rjkz [21]2 years ago
8 0

The reasons that a company may convert receivables before their due date include: To reduce risk of nonpayment and to quickly generate cash.

<h3>What is account receivable?</h3>

Account receivable can be defined as the money or cash a company is yet to receive for selling goods and services to their customers or vendors.

The reason why companies tend to convert their receivable into cash  is to decrease the risk of nonpayment by the customers owing them as well as to quickly generate revenue.

Inconclusion  company may convert receivables before their due date include: To reduce risk of nonpayment and to quickly generate cash.

Learn more about account receivable here: brainly.com/question/24848903

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During the initiation phase, what does project selection help to do
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Answer:

During the initiation phase, what does project selection help to do?

The initiation phase entails the starting point of the project, project selection comes in after the scope, objectives and how it would be delivered has been defined thoroughly. Project selection helps to make decision to know when the project would be ready for delivery, also the format of execution would be known, furthermore, any deviation from the initiation would be detected early and corrected if there is any

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perceived value

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Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $40 per unit. Variable expenses are $20.00 per
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