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Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.
Office Depot, Inc. is an American office supply retailer headquartered in Boca Raton, Florida. The company operates 960 retail stores in the United States under the Office Depot and OfficeMax brands, [4] as well as e-commerce sites and a business-to-business sales organization. The company has combined annual sales of approximately $11 billion ...
Office Depot Announces First Quarter 2013 Results BOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (NYS: ODP) , a leading global provider of office supplies and services, today announced ...
In general, a lockbox is a post-office box (PO box) that is accessible by a bank. A company may set up a lockbox service with its bank for receiving customers' payments. The company's customers send their payments to the PO box. Then the bank collects and processes these payments directly and deposits them to the company's account.
“Hi, welcome to Office Depot,” doesn’t cut it for Kevin Moffitt. Each week, the office supply retail chain led by Moffitt tracks its “greet score”—the percentage of customers who say ...
Office Depot's Latin American joint venture, Office Depot de Mexico, reported fourth quarter of 2012 sales of $286 million, an increase of 2% in U.S. dollars and a decrease of 3% in constant ...
Remittance advices are not mandatory, however they are seen as a courtesy because they help the accounts-receivable department to match invoices with payments. The remittance advice should therefore specify the invoice numbers for which payment is tendered.
Office Depot accounts for this investment using the equity method, and included in the second quarter 2013 results is the 50% share of Office Depot de Mexico's net income on the Company's ...
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