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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

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?

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