The effective management of accounts receivable requires financial managers to
A) review the credit history of new customers.
B) provide prompt cash payments to suppliers.
C) allow customers more time in paying their past due accounts.
D) refuse bank-issued credit cards.

Question

Quizplus · Accepted Answer

Finance managers are responsible for carefully evaluating old and new credit customers to determine if they have a favorable history of meeting their credit obligations on time.

The Effective Management of Accounts Receivable Requires Financial Managers to