The primary objective in the management of accounts receivable is 1. To achieve a combination of sales volume, bad-debt experience, and receivables turnover that maximizes the profits of the...

The primary objective in the management of accounts receivable is 1. To achieve a combination of sales volume, bad-debt experience, and receivables turnover that maximizes the profits of the corporation. 2. To realize no bad debts because of the opportunity cost involved. 3. To provide the treasurer of the corporation with sufficient cash to pay the company’s bills on time. 4. To coordinate the activities of manufacturing, marketing, and financing so that the corporation can maximize its profits. 5. To allow the most liberal credit acceptance policy because increased sales mean increased profits.