RX has a balance outstanding on its trade receivables account at the start of the year of $83,000 after allowing for bad debts. RX forecasts sales revenue for the next year of $492,750. All sales are on credit.Based on past experience, RX anticipates that bad debts will represent 5% of sales for the year. Trade receivable days at the end of the year are expected to be 60 days. What methods can RX use to reduce the possibility of bad debts occurring?