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Hi! I was wondering if you could give an explanation for how a business could manage its receivables? I just want the explanation of these

Hi! I was wondering if you could give an explanation for how a business could manage its receivables? I just want the explanation of these 5: determine whom to extend credit, establish a payment period, monitor collections, evaluate the receivables balance and accelerate cash receipts from receivables. Please give a detailed explanation of each one! Thank you!

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