Old Views College allows students to use credit and debit cards for materials purchased in its bookstore. While tuition fees may be paid by credit or debit card, it also allows students to open accounts and charge their fees, terms n/30. The Chief Accountant, Mr. Marley, are finding that quite a number of the students are either not paying their tuition fees on time, or are taking longer than the credit period, or in some cases, not paying them at all. This is causing a cash flow problem. 

Make suggestions to Mr. Marley regarding how the college can monitor its accounts receivable and improve collections. Your response should be specific to this situation and you should use point form.