cash flow sh*t Flashcards
1
Q
what are the 2 main reasons to have cash flow forecasts
A
to support apllications for loans
to help avoid unexpected cash flow crises
2
Q
what are payables
A
amount of time taken by a business to pay its suppliers
2
Q
what are receivables
A
time taken by a business’s customers to pay a business for the products
3
Q
what is trade credit
A
when purchasers are allowed a period of time to pay for products (usually 30 60 or 90 days)
