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Accounting Solver

May 8th, 2008

SYNERGY BETWEEN ACCOUNTS RECEIVABLE & ACCOUNTS PAYABLE 2

In order to avoid undue pressure on your cash (as the increase in Sales pushes up your Cost of Goods), you have to make sure that your accounts receivable & accounts payable are synchronized. You have to make sure that the number of days in which you collect your accounts receivable (i.e., credit sales) […]

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