Dwight Cooper of PPR Travel was having trouble with his receivables going out an average of 60 days. He contacted his customers to find out why they paid late and what he could do to help ensure a prompter payment. This is a critical problem for small businesses that extend credit to their customers. You are to research solutions to this problem using the text book and the internet. In doing so you are to answer the question:
What other things might Cooper have tried to get faster payments?
Define each additional action that could be taken?
Define if these actions should be done in any order of importance?
Are there any solutions that could be used to motivate customers to pay early from the perspective of credit terms that Cooper is offering?
Follow “full” APA compliance guidelines. Leverage the Internet to research your responses to add additional value. Include a minimum of 3 references, the text may be one.
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