Selected data from Franklin Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable The purpose of hot asset rules is to ensure that selling partners recognize all gain or loss on the sale of their partnership interests as ordinary.Cash collected from customers includes sales and the net change to accounts receivable. Our Accounts Receivable Factoring Program provides companies with financing to cover expenses such as payroll and purchasing inventory. If you are unable to complete the course, contact your Student Advisor to help you work out a suitable completion date. Funding to fill large orders. Funding of export sales. Independence of action, judgment and initiative are required in the performance of duties. Franklin, NC 28734 USA. Call. Phone: 828.524.9967.