To collect on the trade receivables due to the firm,a firm can:

Question

Quizplus · Accepted Answer

To collect on trade receivables, a firm can use a combination of strategies, including sending delinquency letters, making personal contact by telephone, employing a collection agency, and taking legal action, as needed. By using all available methods, the firm increases the likelihood of collecting the amount due, while minimizing the impact on customer relationships. Therefore, the best choice is to use all the options available.

To Collect on the Trade Receivables Due to the Firm,a