WHAT IF Scenarios – ENT 650-Week 4

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WHAT IF Scenarios Scenario #1: Refer to your Accounts Receivable assumptions. If you do not currently have an Accounts Receivable policy assumption please create one that has a policy requiring your customers to make payment no later than 10 days after the date you bill them. In other words, your plan on operating your business […]

Cash Management & Cash Flow Assignment – ENT 650-Week 3

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Cash Management & Cash Flow Assignment Managing Accounts Receivable Mackensie Jimison – ENT 650-50 “Accounts receivable refers to the outstanding invoices a company has or the money the company is owed from its clients. The phrase refers to accounts a business has a right to receive because it has delivered a product or service. Receivables essentially represent […]

Individual Funding through Bootstrapping – ENT 650-Week 2

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Individual Funding through Bootstrapping “Bootstrap is a situation in which an entrepreneur starts a company with little capital. An individual is said to be boot strapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.” (Staff) Bootstrapping is very risky because of only relying on one’s own […]