What is your advice to management of primetime sportswear, Managerial Accounting

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What is your advice to management of primetime sportswear

Problem

Cash on hand August 31 is estimated to be $40,000. Collections of August 31 accounts receivable were estimated to be $20,000 in September and $15,000 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,000. What is your advice to management of PrimeTime Sportswear?

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Managerial Accounting: What is your advice to management of primetime sportswear

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