A Firm Has a Large Percentage of Accounts Over 30

question 102

True/False

a firm has a large percentage of accounts over 30 days old, this is proof positive that its receivables manager is not doing a good job.

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Definitions:

Suppliers' Expectations

The anticipations of future market conditions by those who provide goods or services, influencing their current supply decisions.

Advancement in Technology

Improvements and innovations in technology that enhance productivity, efficiency, and often lead to the creation of new products or services.

Technological Advance

The improvement or innovation in technology that increases productivity, efficiency, or brings new products and services to the market.

Production of Automobiles

The process involving the design, manufacturing, and marketing of cars and other vehicles.