Question
Your business consulting company has received a second request for advice from BluJay Aviation, Inc. BluJay Aviation has allowed their clients to pay 30-60 days
Your business consulting company has received a second request for advice from BluJay Aviation, Inc.
BluJay Aviation has allowed their clients to pay 30-60 days after services have been given. This too often causes their cash flow from operating activities tobe negative, even though they are earning a profit. The economy has also made them nervous about collecting since a few businesses that use their services, especially the realtors, may not stay in business.
Directions
Choose two options they might try to improve their cash flow and also advise them about the valuation of their accounts receivable.
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