A firm is currently selling on credit terms of net 30, and its accounts receivable average 30

Question:

A firm is currently selling on credit terms of “net 30,” and its average 30 days past due (i.e., the firm’s average collection period is 60 days).What credit policy variables might the firm consider changing to reduce its average collection period?

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...