Operational Efficiencies Can Be Improved by

question 35

Multiple Choice

Operational efficiencies can be improved by

• A) updating accounts both common and unique to many concurrent transactions in real time.
• B) updating accounts both common and unique to many concurrent transactions in batch mode.
• C) updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode.
• D) None of the above are true statements

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Definitions:

Default Rate

A measure reflecting the percentage of borrowers who fail to make payments on their debts as scheduled.

Bad Debt Accruals

Bad debt accruals are amounts set aside by a company to cover accounts receivable that are not expected to be collected because customers are unable to pay.

Ages Receivables

A method of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Gross Accounts Receivable Approach

A method to estimate the total amount of receivables, including both collected and still outstanding payments.