Firm A had no credit losses last year, but 1 of Firm Bs accounts receivable proved to be uncollectible and resulted in losses Should Firm B fire its credit manager and hire As ...

No Although B sustains slightly more losses due ...

Firm A had no credit losses last year, but 1% of Firm Bs accounts receivable proved to

Question:

Firm A had no credit losses last year, but 1% of Firm B’s proved to be uncollectible and resulted in losses. Should Firm B fire its credit manager and hire A’s?

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...