The Premier League club is unlikely to see much, if any, of that money however, with the report also stating that Liverpool has "sold its account receivable to a financial institution".
|
|
RATING SENSITIVITIES Developments That May, Individually or Collectively, Lead to Positive Rating Action - Substantial increase in revenue - FFO fixed charge coverage sustained above 5x (2016: 0003x) - FFO-adjusted net leverage sustained below 3x (2016: 4.8x) Developments That May, Individually or Collectively, Lead to Negative Rating Action - EBITDA margin sustained below 15% (2016:17.8%) - FFO-adjusted net leverage sustained above 5x (2016:4.8x) - Substantial decrease in revenue - Deterioration in working capital flow, which will be evident from longer account receivable days LIQUIDITY Adequate Liquidity: Huiyuan Juice had CNY13 billion in unrestricted cash and CNY220 million in available undrawn bank facilities at end-2016.
|
|
Shumay works as an account receivable administrator with Saskatoon Media Group. She attended Maidstone Composite High School, Lakeland College and Saskatoon Business College.
|
|
When a sale is made on account, revenue is recorded along with account receivable. Because there is an inherent risk that clients might default on payment, accounts receivable have to be recorded at net realizable value. The portion of the account receivable that is estimated to be not collectible is set aside in a contra-asset account called Allowance for doubtful accounts. At the end of each accounting cycle, adjusting entries are made to charge uncollectible receivable as expense.
|
|
Instead of billing separately for each individual service that the hotel provides, the charges are accumulated in the company's city ledger account. The hotel then periodically sends the bill to the company. The second major component of the city ledger are credit card accounts. When a guest uses a credit card, this transaction creates an account receivable for the hotel to be collected from the credit card company.
|
|
This account receivable is recorded in the credit card company's city ledger account. As mentioned above, advance deposits are an example of an account payable found in the city ledger. When a guest pays a deposit prior to registration, the hotel incurs an account payable to the guest for services to be rendered in the future. Advance deposits from all guests are collected in a common advance deposit account.
|
|
The account receivable is like a loan and represents capital invested, and often borrowed, by the vendor. But this is not a secure asset until it is paid. If the customer's debt is credit insured the large, risky asset becomes more secure, like an insured building. This asset may then be viewed as collateral by lending institutions and a loan based upon it used to defray the expenses of the transaction and to produce more product.
|
|
In 1985, Sanford refined his scheme to eliminate several problems. These issues included the creation of a suspicious, huge account receivable that was never funded, and the questionable legality of a transaction never consummated by a cash transfer. On December 31, 1985, Sanford attempted to sell $246 million in junk bonds to Merrill Lynch in exchange for U.S. Treasury bonds (which do not require a reserve due to their risk-free status). However, Merrill Lynch's computer system recorded the transaction as of January 2, 1986 – too late to help GSLIC's balance sheet.
|
|
In 1984, Mark Sanford ran into trouble when his efforts to raise capital clashed with Florida insurance regulations. To protect policyholders, the statutes required insurers to maintain a reserve totaling 20% of the total amount invested in high-risk investments. The reserve is recorded as a liability, and would have caused GSLIC to become insolvent. To circumvent the regulations, Sanford made an oral arrangement with Merrill Lynch to sell the junk bonds on December 31, 1984 in exchange for a $155 million "account receivable due from brokers" and repurchase the bonds on January 2, 1985 for the same amount, plus a fee.
|
|
Heller was a pioneer of the use of factoring and developed it into a more sophisticated form of finance of company business accounts receivable, thus providing capital for businesses to grow by giving them cash to expand the business cycle by purchasing an account receivable at a discount, with or without recourse to the seller. Then, by owning it, he would collect the balance of the receivable in full. The profit was derived by the amount of discount collected by the factor. As the factoring business expanded, it was done in bulk with contractually obligated clients selling their receivables by assignment to the factoring company.
|
|
Cheques sometimes include additional documents. A page in a chequebook may consist of both the cheque itself and a stub or ' – when the cheque is written, only the cheque itself is detached, and the stub is retained in the chequebook as a record of the cheque. Alternatively, cheques may be recorded with carbon paper behind each cheque, in ledger sheets between cheques or at the back of a chequebook, or in a completely separate transaction register that comes with a chequebook. When a cheque is mailed, a separate letter or "remittance advice" may be attached to inform the recipient of the purpose of the cheque – formally, which account receivable to credit the funds to.
|
|