Asked by sonia umezurike on Jul 01, 2024
Verified
The primary reason to monitor aggregate accounts receivable is to see if customers,on average,are paying more slowly.
Aggregate Accounts Receivable
The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.
- Acquire knowledge of the approach and relevance of Days Sales Outstanding (DSO) analysis in managing customer payment behaviors.
Verified Answer
CF
Collin Floyd6 days ago
Final Answer :
True
Explanation :
Monitoring aggregate accounts receivable helps to track the average payment time of customers and detect any slowdown in payments.
Learning Objectives
- Acquire knowledge of the approach and relevance of Days Sales Outstanding (DSO) analysis in managing customer payment behaviors.