Other measures used to monitor customer payment patterns

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Reference no: EM132009334

1. Why might it be argued that uncollected balance percentages are superior to other measures used to monitor customer payment patterns?

2. Regarding cash application:

What is it?

Why should a supplier ensure that cash application is rapid as well as accurate?

Does rapid cash application on a given credit sale shorten the days’ sales outstanding for that sale?

Reference no: EM132009334

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