Accounting - What strategies can a business employ to improve debt
What strategies can a business employ to improve debt collection?
What is more important than the actions stated above is to carefully
monitor potential credit customers to avoid 'credit risk'.
Having a good relationship with credit customers may help to minimise the
need for the less pleasant strategies listed above.
All sales on credit are collected as follows:
* 50% in the month following sale
* 30% in the second month
* 20% in the third month
Complete the table showing cash received in the months of October,
November and December.
View the text document for solution to calculating receipts from debtors.
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