Conclusions & Recommendations Flashcards
1
Q
What do you recommend to a client who is in violation of a debt covenant?
A
Call bank immediately. Maybe they can get one-time forgiveness if they show proof of a big order coming early next quarter.
2
Q
What do you recommend to a client with decreasing AR turnover ratio?
A
Collect faster by giving small discounts to customers who pay up quickly.
Review credit policy, do credit checks.
