Youre the CFO of the Wachusett Window Company, which sells windows to residential builders. The firms customers
Question:
More recently receivables have gone up substantially, and collection efforts have been less successful than usual. Collectors have asked for help from sales representatives in chasing down delinquent customers, but the VP of marketing says they don’t have time because “reps have to be out on the street selling.”
The president has suddenly become concerned about the receivables increase, and has demanded to know why finance has let it happen. Prepare a memo explaining the processes behind the creation and management of receivables and explain what’s behind the increase. Tactfully explain why the blame should not be placed solely on the finance department. Can you argue that finance is completely without fault in this matter?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: