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For this week’s discussion, review the following website http://www.inc.com/guides/finance/20708.html
There are various articles about Accounts Receivables and how companies can improve the process of extending credit and collecting outstanding receivables. This week you have been asked to consult with a small business owner’s startup company. The owner has asked you to develop a “best practice” policy that this company could use with regard to extending credit and collecting receivables. For your initial post, what would you recommend? “YOU” are the one being tasked with establishing a credit policy for this small business. Support your recommendations with reasons.
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