Answered: What are the methods of accelerating?

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

See similar textbooks

What are the methods of accelerating?

Expert Solution

Step 1

The prompt collection of funds is an essential feature of cash management system. This method includes speeding the conversion of receivables into usable funds.

Step 2

The four methods of accelerating cash inflows are as follows:

Prompt Payment by Customers
Quick Conversion of Payment into Cash
Decentralized Collections
Lock Box System

Step 3

Prompt Payment by Customers-The collections from consumers will be prompt to accelerate cash inflows. This will be possible by prompt invoicing. The consumers will be informed immediately of the amount payable and the time it is expected to be paid.

Step by step

Solved in 6 steps

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions