Microsoft
MB-310 · Question #33
You are an accounts receivable manager. Your company instituted a two-level collection letter plan for a customer. The result was not as effective as your company had anticipated. Now you need to…
The correct answer is D. Set up interest codes. You've hit your limit · resets 4am (America/New_York)
Implement accounts receivable, credit, collections
Question
You are an accounts receivable manager. Your company instituted a two-level collection letter plan for a customer. The result was not as effective as your company had anticipated. Now you need to institute a plan that charges the overdue customer with a high-interest premium on the amount due. What should you do?
Options
- ASet up a customer accounts statement.
- BSet up interest adjustments.
- CSet up a collection letter note
- DSet up interest codes.
How the community answered
(31 responses)- A16% (5)
- B6% (2)
- C3% (1)
- D74% (23)
Explanation
You've hit your limit · resets 4am (America/New_York)
Topics
#interest codes#collections#overdue accounts#accounts receivable
Community Discussion
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