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A Financial Manager Needs to Know If Any of the Credit

question 5

True/False

A financial manager needs to know if any of the credit sales will not be paid by customers.This situation will entail a reduction in the estimate of the cash flow due to "bad debts."


Definitions:

Bystanders

Individuals who are present at an event or incident but do not take an active role in its outcome.

Audiences

Groups of listeners, viewers, or spectators that observe, follow, or listen to a particular event, performance, or communication.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.

Negotiator

A person involved in discussions aimed at reaching an agreement or resolving a dispute between parties.

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