ACC 303 Week 10 Discussion 1 | Assignment Help | Strayer University
- strayer university / ACC 303
- 26 Jul 2020
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ACC 303 Week 10 Discussion 1 | Assignment Help | Strayer University
Week 10 Discussion
"Mini
Case Study - Haley Roberts”
Haley
Roberts is quite proud that she has grown her business in website design from a
small startup to a mid-sized organization. However, she is now running into
some “growing pains.” Now there are sales people and account managers that deal
with the clients. Her Controller, Dan, oversees daily operations, human
resources, and accounting. One day, Dan comes into Haley’s office to discuss
the morning meeting. Sales have almost doubled from the prior year, but
collections are down. SOMETHING has to be done! Dan and Haley refer to their
notes of the ideas and concerns voiced at the meeting:
·
Alex (sales) – “I’m no accountant, I just know sales. I have
grown my sales by reaching out to clients who need our help but may not have
the best credit. Just by giving them an extra month or so to pay makes a big
difference! And who cares, as long as they pay? We still get the money!”
·
Jessie (account manager) – “I just want to keep my clients happy.
I do that by addressing their concerns, and I can tell you that their biggest
concern is usually that they can get similar services cheaper somewhere else.
If I start pressuring them to pay sooner, we may lose them!”
·
Sam (accounting)
– “All I know is that if we are going to get our vendors paid on time, we need
to pull in our cash faster! I am tired of putting off payments and then
sometimes paying interest or late fees just because I didn’t have enough cash
to go around!”
·
Dan (Controller)
– “Maybe there are ways to get our cash faster without bugging our clients
directly. There are companies that will buy our receivables from us, so we
would not be dealing with the clients directly regarding collectibles. Of
course, that would also cost us…”
Haley
feels overwhelmed by all of her options. There is no easy answer. After
reviewing the various perspectives above, what should Haley do? What would you
do, or what advice would you give to Haley?
Lastly, respond to at least one (1) post
of your peers.
USA 
India