The first step for Phoebe would be to carry out an audit of her longtime customers' finances.
- Phoebe needs to ascertain whether or not her customer uses an annual budget.
- If they don't she can take them through at the end of the exercise how to create and manage one
- Next, Phoebe must help her client to create a cash flow forecast that shows where she is and how she can get from there to where the business needs to be
- Accessing a flexible line of credit: If the business needs to get out of the cash flow problem, Phoebe may need to help them access credit that is favorable to the business
- Invoicing: Invoicing and receipting are critical to every business. customers must be invoiced quickly and accurately. They must also pay up as and when the invoice is due. Delayed payments can also put a business into cash flow problems. An audit will reveal which of Phoebes' client's customers are owing. Phoebe will also design a strategy to get them payback and promptly too.
- It is advisable for Phoebe to help her client design a credit system that encourages her client's customers to pay up quickly. One good idea would be to ensure that credit is only extended to long-time clients who have demonstrated consistency and faithfulness in their business dealings with the company.
- the second idea would be to ensure that all credit (cash receivable) do not exceed a particular number of days. If Phoebes client has 30 days to meet up with their own cash obligations, then her own clients must have paid up by then.
other factors to consider are:
- ask for favorable credit terms with her client's suppliers
- install a simple and effective accounting system in place.
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Answer:
d) Both of these answers are correct.
Explanation:
Base on the scenario been described in the question, Operating income can differ materially between the results for the weighted-average and FIFO methods when the physical inventory levels of work in process are large relative to the total number of units transferred out and direct materials or conversion costs per unit vary significantly from period to period.
Answer:
Option D is correct.
Explanation:
A basic difference between microeconomics and macroeconomics is that: <u>microeconomics examines the choices made by individual participants in an economy, whereas macroeconomics considers the economy's overall performance.</u>
Answer:
A. Advertising
Explanation:
Advertising is a paid form of non-personal communication targeted to an audience and usually employed by business men to promote their goods and services. The mass media which includes; radio, television, newspapers, e-mail are the means though which products can be advertised.
The description of what Xander wants to do which includes paying for the non-personal message which would be communicated through mass media, fit the description of advertising.
Answer:
The volatility of this equally weighted portfolio is closest to 0.31
Explanation:
Individual Stock + ( 1 - 1/n) * Average Covariance between the stocks
Var = ( 1 / 5) (0.40)2 + ( 1 - 1/5) (0.5( (0.4) (0.4)
Var = 0.096
standard deviation = Square root of variance
= Square root of 0.096
= 0.31