Need a flow chart for the following information. C3, Inc. is a credit card company. At the
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- Need a flow chart for the following information.
- C3, Inc. is a credit card company. At the end of each month, C3's enterprise system generates a monthly statement for each customer from its Accounts Receivable (AR) database. The statement shows, among other things, the minimum payment amount, the total amount outstanding, and the payment due date. The statement also has a "return admittance" (RA) stub that tears off the bottom of the statement.
- The enterprise system sends these statements to the AR department, which prepares the mailing using an automated envelope stuffing and sealing machine and sends the statements to the customers.
- Customers mail their payments back to C3 with the RA. A clerk in the A/R department at C3 receives the payments and enters the stub information into the enterprise system, which updates the Account Receivable database to record the payment. The A/R clerk also batches the checks and sends them to the cashier with a batch total.
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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