The September 24, 2007, issue of the Wall Street Journal includes an article by Simona Covel titled

Question:

The September 24, 2007, issue of the Wall Street Journal includes an article by Simona Covel titled “Small Business Link: Three Approaches to Reining in Customer Debt.”

Instructions
Read the article and answer the following questions.
(a) Describe the steps taken by Slack & Co. Contracting Inc., and discuss the pros and cons of it approach.
(b) Describe the steps taken by Nicholas & Co., and discuss the pros and cons of its approach.
(c) Describe the steps taken by KTM Auto Inc., and discuss the pros and cons of its approach.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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