Agreement Receivable Statement Format In Pima

State:
Multi-State
County:
Pima
Control #:
US-00037DR
Format:
Word; 
Rich Text
Instant download

Description

A factor is a person who sells goods for a commission. A factor takes possession of goods of another and usually sells them in his/her own name. A factor differs from a broker in that a broker normally doesn't take possession of the goods. A factor may be a financier who lends money in return for an assignment of accounts receivable (A/R) or other security.

Many times factoring is used when a manufacturing company has a large A/R on the books that would represent the entire profits for the company for the year. That particular A/R might not get paid prior to year end from a client that has no money. That means the manufacturing company will have no profit for the year unless they can figure out a way to collect the A/R.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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MyAccountManager is where you can make payments. Payment can be submitted up to the amount owed to your account.Inquire about scheduling payments, enrolling in a payment plan, payment due dates, or making a payment. Request information about your 1098-T statement. Eligible students can view and accept or decline their loan offers in their MyPima account. Remember, a loan must be paid back, so make the decision carefully. Please fill out one survey per criterion feedback; you may fill out multiple surveys. The financial statements include a statement of net assets; a statement of revenues, expenses and changes in net assets; and a statement of cash flows. Classification Summary. If effect, the company has accepted an IOU from the client.

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Agreement Receivable Statement Format In Pima