Since hiring a new sales director, Hilson Inc. has enjoyed a 50% increase in sales. The CEO
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Since hiring a new sales director, Hilson Inc. has enjoyed a 50% increase in sales. The CEO has also noticed, however, that the company’s average collection period has increased from 17 days to 38 days.
What might be the cause of this increase? What are the implications to management of this increase?
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Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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