In Addition to an Aging Analysis to Establish an Allowance

question 17

Multiple Choice

In addition to an aging analysis to establish an allowance for doubtful accounts, a __________ system may be used to assess the ability of customers to pay outstanding receivables.

• A) supply chain system
• B) credit analysis
• C) customer relationship management (CRM)
• D) customer diagnostic analytics

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Definitions:

Three Priority Levels

A system of classification that ranks items or tasks according to their urgency or importance into three categories.

Alarms

Signals or notifications designed to alert users about a specific condition or event, often used in security systems, smartphones, and applications.

Flags

Visual markers used in various applications to highlight or categorize items for easy identification.

Due Date

The specified date by which a task, assignment, or payment is to be completed or submitted.