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Re: Belgianshareholder post# 99102

Friday, 11/28/2014 9:53:25 AM

Friday, November 28, 2014 9:53:25 AM

Post# of 123644
Receivables Net are all the monies owed less what is anticipated not to be paid (bad debt). i.e. receivables less bad debt = receivables net.
Receivables can be all monies owed from sale of product plus any other sales. Ie the business may sell a car which is an asset but not sales of product.
Goods in transit usually means inventory purchased but not received. i.e.. FOB means freight on board. Meaning the sellers ownership ends once the product is shipped and then becomes the buyers responsibility.

MRIB long.