Asked by Boston Bragg on Jul 21, 2024

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The level of a firm's receivables is influenced solely by factors outside the financial managers' control.

Receivables Level

The total amount of outstanding invoices a company has at any given time, indicating funds owed by customers.

Financial Managers

Professionals responsible for overseeing and managing a company's financial health, including planning, organizing, directing, and controlling financial activities.

  • Grasp the factors influencing a firm's level of receivables and the impact of credit policy on these levels.
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Abboss DaneshpourJul 27, 2024
Final Answer :
False
Explanation :
While factors such as sales volume and credit policies may influence the level of a firm's receivables, financial managers can also implement strategies to manage and control receivables, such as offering discounts for early payment or tightening credit policies. Therefore, the level of receivables is not solely influenced by factors outside the financial managers' control.