postdated checks classification
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receivables
securitization
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the process by which financial assets are transformed into securities
Companies may desire to transfer accounts or notes receivable to another company
for cash because: (2)
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1. Cash needs (for bills or reinvestment). 2. Simply because billing &
collection are time-consuming and costly.
Cash equivalents
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short-term, highly liquid investments, maturity <3 months
Examples of cash
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coin, currency, petty cash, funds on deposit at bank, money orders,
certified checks, cashier's checks, personal checks, bank drafts, savings
accounts
A note receivable arises from (4)
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1. Customers who need to extend payment period of an outstanding
receivable. 2. High-risk customers. 3. Large amounts. 4. Lending
transactions.
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receivables
securitization
Give this one a try later!
the process by which financial assets are transformed into securities
Companies may desire to transfer accounts or notes receivable to another company
for cash because: (2)
, Give this one a try later!
1. Cash needs (for bills or reinvestment). 2. Simply because billing &
collection are time-consuming and costly.
Cash equivalents
Give this one a try later!
short-term, highly liquid investments, maturity <3 months
Examples of cash
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coin, currency, petty cash, funds on deposit at bank, money orders,
certified checks, cashier's checks, personal checks, bank drafts, savings
accounts
A note receivable arises from (4)
Give this one a try later!
1. Customers who need to extend payment period of an outstanding
receivable. 2. High-risk customers. 3. Large amounts. 4. Lending
transactions.
