A Palm Coast owner receivable is 45 days past due. Which administrative step best supports collection without losing the record trail?
Correct Answer
C) management escalation note
Collection administration should preserve a written trail and escalate based on aging and rights deadlines.
Why This Is the Correct Answer
Collection administration should preserve a written trail and escalate based on aging and rights deadlines.
Why the Other Options Are Wrong
Option A: invoice write-off memo
invoice write-off memo puts the item in the wrong financial bucket, timing, base, or comparison for receivable administration.
Option B: uncoded payment batch
uncoded payment batch puts the item in the wrong financial bucket, timing, base, or comparison for receivable administration.
Option D: bid alternates list
bid alternates list puts the item in the wrong financial bucket, timing, base, or comparison for receivable administration.
Memory Technique
Receivable ledger for Accounting Clerk: put collection in the right drawer.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Accounts Receivable Follow-Up; confirm the administrative duty, record, or control described in the stem.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?
People Also Study
Related Study Resources
Previous Question
The Rockledge balance sheet lists current assets of $714,000 and current liabilities of $510,000. What current ratio should be reported?
Next Question
The Lake Wales office receives this potential claim: third-party property damage is alleged. Which administrative record should be opened?
