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As the HR Manager you have been asked to create a plan that will help eliminate performance management errors such as halo effect, leniency error and so on. What steps will your plan include?
Net Credit Sales
The total value of sales made on credit minus returns and allowances, reflecting the actual credit sales revenue generated.
Accounts Receivable
Amounts owed to a company by customers for products or services that have been delivered but not yet paid for.
Average Collection Period
A financial metric that calculates the average number of days it takes for a company to receive payments from its customers.
Net Sales
Income generated from sales once returns, allowances for damaged or missing items, and discounts have been subtracted.
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