a firm has a large percentage of accounts over 30 days old, this is proof positive that its receivables manager is not doing a good job.

Question

Quizplus · Accepted Answer

This statement is not necessarily true. There could be other factors affecting the percentage of accounts over 30 days old, such as economic downturn or changes in customer payment behavior. It is not fair to solely blame the receivables manager without considering these factors.

A Firm Has a Large Percentage of Accounts Over 30