Question: 4. Regarding cash application: a. What is it? b. Why should a supplier ensure that cash application is rapid as well as accurate? Does rapid

4. Regarding cash application: a. What is it? b. Why should a supplier ensure that cash application is rapid as well as accurate? Does rapid cash application on a given credit sale shorten the days' sales outstanding for c. that sale? How do credit managers set credit limits for customers? Why do you think character is considered to be the most important of the "five Cs"? How might it be assessed? 5. 6

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