Grayson Ltd has been expanding faster than it can raise capital. According to its local banker, the entity has reached its debt ceiling. Grayson customers are slow in paying (60–90 days), but its suppliers creditors are demanding 30-day payment Grayson has a cash flow problem.
Grayson needs to raise \($120\) 000 in cash to safely cover next Friday’s employee payroll. Grayson’s present balance of outstanding receivables totals \($750\) 000. What might Grayson do to alleviate this cash crisis?

Grayson has an urgent need for cash to pay the payroll.