Suppose you work for a small local department store that manages its own accounts receivable with a

Question:

Suppose you work for a small local department store that manages its own with a private charge card. Your boss has told you to improve the average collection period from 30 to 20 days. How would you go about this? What are the risks in your proposal that might affect the company negatively?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...