4. Methods used to monitor credit sales are:

a. Tracking Days of Sales Outstanding

b. Aging receivables using a time schedule

c. applying the Economic Order Quantity model

d. Parts a and b only

5. Hiring a Credit Collection agency should increase the likelihood of collecting bad debts.

a. True b. False

6. The national average recovery rate for collected passed due accounts (according to the book) is:

a.70% b. 50% c. 35% d. 11%