16 Accounts Receivable You are the owner of a professional basketball team with 3.5 million in the...
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16 Accounts Receivable You are the owner of a professional basketball team with €3.5 million in the bank and a monthly cost base of around €1 million. Worried about potentially running out of cash during the playing season, you have asked supporters to pay for season tickets up front and in full. The basketball season starts four months from now. Do you think this is a wise strategy? Explain.
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