Why is it a good business practice to keep accounts receivable as low as possible?
a. Complies with government regulations
b. Decreases expensive paperwork
c. Can use the money to earn interest or pay debts
d. Provides better service to patients
c
FEEDBACK: a. Incorrect. Government does not regulate this policy.
b. Incorrect. The amount of paperwork is not the determining factor.
c. Correct. If accounts receivable are kept low, there is more money available that will earn interest or can be used to pay debts (saves by not paying interest).
d. Incorrect. A low accounts receivable does not impact service to patients.
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