Question: It should be clear from our discussion in chapter 2 and from what you learned in Acct 150 that companies sell on credit to increase
It should be clear from our discussion in chapter 2 and from what you learned in Acct 150 that companies sell on credit to increase sales but still need to collect the cash from the customer to be able to be liquid. They cannot spend accounts receivable - they need cash to purchase more productive assets. So your post to this discussion should indicate from your research at least 3 strategies that would help a company collect their accounts receivable. Please post these by Saturday with a short description.
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