It is important for businesses to have efficient processes and systems in place for collecting monies from
Question:
It is important for businesses to have efficient processes and systems in place for collecting monies from debtors. The business and industry portal of the Queensland government (www.business.qld. gov.au/business) contains advice for offering credit and managing the risk associated with debtors. Referring to the guide, identify five actions that a business manager can do to manage debtors.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 16% (6 reviews)
By taking these actions businesses can reduce the risk of bad debt and improve their chances of gett...View the full answer
Answered By
Santosh Reddy
I have been a tutor for over 10 years. I have experience working with students of all ages, from elementary school to college. I have also tutored students with different learning styles and abilities. I am familiar with a variety of subjects, including math, science, English, history, and Spanish. I am able to adapt my teaching style to meet the needs of each individual student. I am patient and supportive, and I strive to help my students succeed.
I believe that one of the most important aspects of tutoring is the ability to build a rapport with the student. I work to create a positive and supportive learning environment where the student feels comfortable asking questions and seeking help. I also believe that it is important to be flexible and accommodating to the student's needs. I am willing to adjust my schedule and meeting times to ensure that the student is able to get the help they need.
I am confident in my ability to help students improve their grades and succeed in their studies. I have a proven track record of success, and I am committed to helping my students reach their goals. If you are looking for a tutor who is experienced, knowledgeable, and supportive, then please contact me. I would be happy to discuss your needs and how I can help you achieve success.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Question Posted:
Students also viewed these Business questions
-
Businesses plan ahead, estimating their revenue and expenses. It is important for you to plan ahead and spend your money wisely. This is accomplished by developing a budget, which is a plan for...
-
It is important for airlines to follow the published scheduled departure times of flights. Suppose that one airline that recently sampled the records of 246 flights originating in Orlando found that...
-
In American football, it is important for the quarterback to throw the ball accurately to the receiver. The completion rate of a quarterback is the proportion of throws successfully caught by the...
-
1. The following are selected accounts taken from the adjusted trial balances of the Purell Merchandise company on December 31, 2021: Inventory, January 1, 2021 Selling expenses Loss on sale of...
-
In running a jointly-owned facility in a foreign market (including a joint venture), it is not necessary to own more than 50% to maintain operational and management control. Discuss.
-
It is commonly recommended that hot foods be cooled first to room temperature by simply waiting a while before they are put into the refrigerator to save energy. Despite this commonsense...
-
What is a minute order?
-
As resident manager of a large apartment complex, you receive free rent in return for collecting rents, doing simple maintenance, and enforcing the complexs rules. You find the following notice in...
-
6. A store is open 5 days a week for 50 weeks. It is closed for two weeks in a year. It sells 10 lawn movers every day. It costs $25 dollars to process one order and the holding cost per unit per...
-
Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively giving one side or the other $1 million)....
-
Visit the Yahoo!7 Finance website (http://au.finance.yahoo.com) and call up information on JB Hi-Fi Ltd (symbol: JBH.AX). a. Identify JB Hi-Fi Ltds current share price (day 1), the previous days...
-
The following table provides an historical summary of key financial ratios for Somy Corporation. a. With reference to the appropriate ratios, analyse the trend in Somys profitability providing...
-
Harrigan University is a liberal arts university in the Midwest that attempts to attract the highest quality students, especially from its region of the country. It has gathered data on 178...
-
You have worked hard over the last three years to save up enough money for a down payment on your first home. After meeting with your lender, you are faced with two loan options. Both loans are 30...
-
The first production department of Stone Incorporated reports the following for April. Direct Materials Units Beginning work in process inventory 69.000 Percent Complete 80% Conversion Percent...
-
You want to buy a house. You have $50,000 saved for the down payment and can pay $2,000 per month on the mortgage. The 30-year mortgage interest rate is 9% per year (equal to 0.75% per month). What...
-
A firm just paid an annual dividend of $3.50 per share. Dividends are expected to grow at 5% per year. If the discount rate for this firm is 12%, how much is a share of this firm worth?Group of...
-
Margie Frump is employed as a teacher. She occasionally purchases items that she uses in the course of her employment that are subject to depreciation. Assets held by Margie at 30 June 2021: Margie...
-
For each molecule below, predict the approximate geometry about each indicated atom. Give the hybridization that explains each geometry. (a) (b) (c) (d) (e) (f) Br Br 12 HC-C-CH H C-O-CH CH H C-NH H...
-
Write a paper about how diet relates to breast cancer in women study design to use: case control study purpose & rationale the purpose of this final project is to utilize the methods and...
-
Shamrock Ltd faces the choice of replacing some of its equipment immediately or continuing with the old equipment for a further three years. The old equipment needs constant maintenance, often breaks...
-
A car manufacturer orders in an engine component as it is needed. The holding cost is $10 per component and the order cost is $180 per order. Five thousand of the components are used each year by the...
-
List two items that provide future value to a business but are not included on a conventional balance sheet and, referring to the definition and recognition criteria for assets in the Framework, give...
-
Kate Elliott, "a new product development specialist at Donaldson Family Foods, Inc., paced in her office and shuffled papers on her desk. She had a lot of work to do, but she couldn't seem...
-
Every year, Dr. Cook, a college professor, leads a group of 25 college students to the Middle East on an archaeological dig that usually lasts about eight weeks. The participants, who come from big...
-
Imagine you're part of a small team working at a tech start-up called "InnoTech Solutions." Your team consists of five members: Alex: Project Manager, with a background in software development....
Study smarter with the SolutionInn App