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

Question

Quizplus · Accepted Answer

Reviewing the credit history of new customers allows financial managers to assess the risk of extending credit and make informed decisions about payment terms and credit limits. Refusing bank-issued credit cards, allowing customers more time in paying their past due accounts, and providing prompt cash payments to suppliers are not directly related to effective management of accounts receivables.

The Effective Management of Accounts Receivables Requires Financial Managers To