Terry is the credit manager of Heltex Ltd He is concerned that the pattern of monthly sales receipts shows that accounts receivable collection is poor compared with budget Heltex 's sales manager believes that Terry is to blame for this situation, but Terry insists that he is not Why might Terry no...

Although the credit manager is responsible for ensuring that c ...

Terry is the credit manager of Heltex Ltd. He is concerned that the pattern of monthly sales

Question:

Terry is the credit manager of Heltex Ltd. He is concerned that the pattern of monthly sales receipts shows that collection is poor compared with budget. Heltex's sales manager believes that Terry is to blame for this situation, but Terry insists that he is not. Why might Terry not be to blame for the deterioration in the receivable collection period?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...