Which of the following are reasons why companies should monitor accounts receivable levels carefully?

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Companies should monitor accounts receivable levels carefully in order to encourage prompt payment from their customers and minimize the stress on working capital and related bank debt. This ensures that cash flows are properly managed and that the company is not using up valuable resources to cover outstanding debts. Additionally, keeping a close eye on accounts receivable levels can help companies maximize costs of collection, which can further improve their financial performance.

Which of the Following Are Reasons Why Companies Should Monitor