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2. The majority of my sales revenue are cash sales. However, I do have a number of customers who have applied for credit which I

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2. The majority of my sales revenue are cash sales. However, I do have a number of customers who have applied for credit which I have granted. Are my credit customers adhering to my credit policy of Net 30 days? How could I improve collectability on accounts receivable and minimize the risk of bad debts? [6 marks]

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