Unit 4 Discussion: Uncollectible Accounts & Accounts Receivable Turnover

Please respond to the following questions in your initial post:

• Imagine you own a business that sells to customers on trade credit. For example, you manufacture luxury soaps and you sell these soaps to boutique stores in your hometown area. Describe your business.
• How would you manage the collection of receivables?
• Even with careful planning, sometimes receivables still become uncollectible. Which method would you use to write off an uncollectible account? Explain your reasons.
• What procedures would you put into place to encourage customers to pay their bills on time?

Provide an appropriate subject bar that captures our interest and gives us an idea as to what your post is about.

Be sure to cite any sources that you use with APA. Wikipedia is not an acceptable source.