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.
Visit the link below to learn more about resolving cash flow problems:
brainly.com/question/978964
Answer:
payback period is 5 years
Explanation:
given data
net initial investment = $2000000
annual cash inflow = $400000
useful life = 8 year
to find out
payback period
solution
we know here initial investment of equipment and cash inflow increase
so here payback period will be express as
payback period = net investment / cash inflow ..............1
put here value in equation 1
payback period = net investment / cash inflow
payback period = 2000000 / 400000
payback period = 5
so payback period is 5 years
Answer:
The correct answer would be option D, Open to Buy.
Explanation:
The amount you budget for inventory over a period of three months is called Open to Buy.
When a retailer allocates budget for future inventory orders, for a specific period of time, either 3 months, 6 months, one year, etc, it is called as Open to Buy. Open to Buy is very helpful for the retailers to have a right amount of stock of the right product at a right time. In this way, retailer will know about the amount of inventory available and the amount of inventory needed for a particular period of time. So option D is the correct answer.
Answer:
Explanation:
The following information can be derived from the question above:
The cost of the beginning work in the process inventory = $3,570
The cost of the ending work in the process inventory = $2,860
The cost that is added to the production = $43,120.
In the attached document, it should be noted that the cost of goods that were transferred out was calculated as:
The total cost to be accounted for minus the cost of the ending work in the process inventory. This is:
= 46690 - 2860
= 43830
The cost reconciliation report for the Baking Department for June has been solved and attached.
Answer:
legislative salaries
Explanation:
Texas permits voters to decide directly on only three matters: constitutional amendments, the state income tax, and legislative salaries.
state once give chance to decide about amendments and constitutions can be revised and compared also decide and give opinion of income tax and salaries in state.