Accounts Receivable Contract With Nike

State:
Multi-State
Control #:
US-00402
Format:
Word; 
Rich Text
Instant download

Description

Accounts Receivable -Contract to Sale is a Contract to convey all accounts to a third party at a discount. The Seller agrees to sell to the Buyer all of Seller's right title and interest in all accounts as listed on the attached Exhibit, together with all invoices representing, and all money due or to become due on the assigned accounts and all other rights in the assigned accounts of any type. This Contract can be used in any state.
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FAQ

Short-term Activity Ratios (Summary) Inventory turnover3.423.59Receivables turnover12.409.98Payables turnover10.118.67Working capital turnover3.212.687 more rows

NIKE, Inc. (NKE) had Days Sales in Receivables of 33.03 for the most recently reported fiscal quarter, ending 2023-08-31.

Assets Fiscal year is June-May. All values USD Millions.20232021Accounts Receivable Turnover12.399.97Inventories8,4546,854Finished Goods8,4546,854Work in Progress--52 more rows

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nike's accounts receivables for the quarter that ended in Aug. 2023 was $4,749 Mil.

With contract receivables, a business sells to a third-party finance provider the rights to receive the future contracted cash flows for delivered assets and services due under a new or existing contract that it has with one of its customers.

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Accounts Receivable Contract With Nike