The document discusses several accounting concepts: 1) Accounts receivable management is affected by credit sales levels, terms of sale, customer quality, and collection efforts. Terms of sale quote discounts for early payment and penalties for late payment. 2) Inventory management involves balancing raw materials, work-in-process, finished goods, and cash inventories. The economic order quantity model can determine optimal order sizes. 3) Total quality management is a company-wide approach that improves quality through better supplier relations and interdependence between suppliers and customers.