When Will the Most Runoff Be Generated: at the Beginning

question 1

Essay

When will the most runoff be generated: at the beginning of a series of storms or at the end?

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses from revenue.

Income Statement

The Income Statement is a financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or loss.

Accounts Receivable

The money owed to a company by its customers for goods or services delivered but not yet paid for.

Average Collection Period

The average amount of time that a receivable is outstanding; calculated by dividing 365 days by the accounts receivable turnover.