What are the five Cs of credit? How do these serve as a yardstick for credit evaluation?
Answer to relevant QuestionsWhat corrective action can be taken for customers whose outstanding balances do not adhere to our credit terms? Explain the following terms: a. 2/10, n /30 b. 3/15, n /60 c. n/40 d. What is the effective rate of interest you will pay if you do not take advantage of the cash discounts described? A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and average number of collection days. How do these numbers relate to the terms of 2/10 net/30? What is the purpose of a bridge loan? Bylo Selhi wants to know how many years it well take for his mutual fund investment of $50,000 to reach $500,000 if his mutual fund pays an average of 12 percent per year.
Post your question