Jayne Luke Started a Computer Business in Her Basement Less

Essay

Jayne Luke started a computer business in her basement less than a year ago.Her personal attention to clients and persistence in obtaining new customers has caused the business to grow at a tremendous pace.Jayne has become so busy she has neglected to keep after clients who have failed to pay her.As a result,Jayne has a large amount of accounts receivable and notes receivable on her balance sheet but not much cash.She continues to service clients,but she now realizes that her cash will soon be exhausted.Suggest some options Jayne has to achieve a strong cash balance.