Asked by Cristina Valadez on Jul 15, 2024
Verified
The credit manager does not have a direct influence on the firm's accounts receivable balance.
Credit Manager
A professional responsible for managing a company's credit policies and ensuring customers meet their debt obligations.
Accounts Receivable Balance
The cumulative financial obligation customers have towards a company for goods or services received but not yet remunerated.
- Gain insight into the influence of distinct management positions on the firm's cash flow and financial policies.
Verified Answer
JH
James HarrisJul 17, 2024
Final Answer :
False
Explanation :
The credit manager directly influences the firm's accounts receivable balance by setting credit policies, terms, and conditions, which determine how much credit is extended to customers and how quickly the company collects payments.
Learning Objectives
- Gain insight into the influence of distinct management positions on the firm's cash flow and financial policies.
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