VICR » Topics » Accounts receivable:

These excerpts taken from the VICR 10-K filed Mar 13, 2009.
Accounts receivable:
 
The Company grants credit to customers primarily in the technology industry. Accounts receivable are carried at original invoice amount less any allowance for doubtful accounts. The Company provides an allowance for doubtful accounts by evaluating specific past due receivables, customers’ financial condition, historical collection information and current economic conditions. A receivable is considered to be past due based on the terms of the customer’s invoice. There were no accounts receivable amounts over 90 days past due as of December 31, 2008 and 2007. Management determined that no allowance was necessary at December 31, 2008 and 2007. Receivables are written off when deemed uncollectible. Recoveries of receivables previously written off are recorded when received. Two customers accounted for approximately 90% and 93% of total accounts receivable at December 31, 2008 and 2007, respectively.
 
Accounts
receivable:



 



The Company grants credit to customers primarily in the
technology industry. Accounts receivable are carried at original
invoice amount less any allowance for doubtful accounts. The
Company provides an allowance for doubtful accounts by
evaluating specific past due receivables, customers’
financial condition, historical collection information and
current economic conditions. A receivable is considered to be
past due based on the terms of the customer’s invoice.
There were no accounts receivable amounts over 90 days past
due as of December 31, 2008 and 2007. Management determined
that no allowance was necessary at December 31, 2008 and
2007. Receivables are written off when deemed uncollectible.
Recoveries of receivables previously written off are recorded
when received. Two customers accounted for approximately 90% and
93% of total accounts receivable at December 31, 2008 and
2007, respectively.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 13, 2009

RELATED TOPICS for VICR:

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