Accounts receivable is money that customers owe a company for goods and services it has sold. The University of Pennsylvania purchased $100,000 worth of Phillies tickets for all of their freshman students, and will pay the Phillies for the tickets next month. The Phillies recorded $100,000 in accounts receivable due from the university.
- Finding the Right Career Takes Time -- and an Ability to Recognize Your Strengths If you feel the pressure, you are not alone. High school students around the world are grappling with the question: "What do I want to do with my life?" One of the best ways to find out is to ask lots of questions. Howard Brown, credit analyst with TD Bank, recently offered some answers about choosing a career to high school students in the KWHS summer program. "Don't just have a dream," urged Brown. "Become organized. Write it down!"