How could we get cash fast? Peggy Goodman is the bookkeeper of a retail furniture store. Her store accepts credit from customers and lately has accumulated a large amount of accounts receivable...

How could we get cash fast?

Peggy Goodman is the bookkeeper of a retail furniture store. Her store accepts credit from customers and lately has accumulated a large amount of accounts receivable instead of cash. Peggy knows that she will eventually receive the cash, but she is concerned about her cash flow. She needs to pay her employees and doesn’t think she has enough cash on hand to do so. She is also concerned that she won’t receive all of the cash that is due to the business. What should Peggy do?