of the credit policy to (a) the credit department and (b) customers.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 8QTD
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There are four reports used by the credit and collections department those are credit level report, receivable aging report, bad debt report, and customer profitability report. Explain the importance of those reports in the effective performance of the credit and/or collection.

Discuss the benefits of the credit policy to (a) the credit department and (b) customers.

 

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