America's government is working hard to revive markets for securitised debt, aware that banks lack the balance-sheet capacity to absorb all of those credit-card receivablesand auto loans.
He laments the fact that accounting rules require PeoplePC to recognize revenue over the life of a contract, and certain losses all at once, even though the company sells its receivablesand takes in cash immediately.
In addition to her regular workload, she took on a huge volume of work to manage that side of our business overseeing payables andreceivables, minding all of the accounts, planning for taxes, signing checks.