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Write in Discussions: Working Capital is especially important in a hospital because the A/R from patients can be huge and insurance companies are notoriously slow
Write in Discussions: Working Capital is especially important in a hospital because the A/R from patients can be huge and insurance companies are notoriously slow payers. A.P in a hospital can be huge because of the concentration of highly skllied employees who want to be pald every wenk. From your own experiences of working, perhaps in a restaurant or store: what would happen if all the customers paid with credit cards, which means that the store had to wait for 3 days to receive cash payment from the CC, but suppliers wanted payment COD (asap), What probiem would this create and how would you handle it? 100 words
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