Discussion
1. How can companies manage credit accounts effectively to minimize losses?
2. What kind of credit policies should businesses implement to keep customers buying while increasing their receivables turnover rate?
3. There are two method of accounting for bad debt expense - the direct write-off method and the allowance method. Summarize each method. Are they both acceptable for financial reporting? Why or why not?
4. What have been your positive and negative experiences with learning teams? How can they be more effective?
5. If you were a small business owner, how would your inability to collect your receivable timely affect your business operations?
6. how the various methods receivable accounts are valued?
7. Discuss management issues and solutions for receivables.
8. Receivables for decision making in business. Please put question with each response!! There is no word count just make sure to explain completely!