Concepts involved in dealing with accounts receivable

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Reference no: EM131212817

Mark is still a little overwhelmed by the concepts involved in dealing with accounts receivable and wants to know why they are such a big deal. “I just give my good clients credit and they pay me back as soon as they can. Occasionally some take a little bit too long or can’t pay their entire bill, but that’s just the way business works.” Try and convince Mark that proper management of accounts receivable is crucial to business survival.

Reference no: EM131212817

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