Why should a firm actively monitor the accounts receivable of its credit customers? How does each of

Question:

Why should a firm actively monitor the of its credit customers? How does each of the following credit monitoring techniques work:
(a) Average collection period,
(b) Aging of and
(c) Payment pattern monitoring?
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...