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Collins office supplies is considering a more liberal credit policy?
Wiki User
∙ 9y ago
Yes.
Wiki User
∙ 9y ago
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What are three types of credit?
1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections
What are the risk-return tradeoffs associated with a more liberal credit policy?
A liberal credit policy may attract people who don't have enough money to make their payments. With a liberal credit policy, a business will have to have a strict collection department.
What is liberal credit?
A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.
What is liberal credit policy?
A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.
What services does Collins Community Credit Union offer?
The Collins Community Credit Union offers various programs and services to help one manage his or her financial details. They offer loans and mortgages among other things.
Is supplies unused is credit or debit?
credit
Is supplies unused credit or debit?
credit
What are three types of credit?
1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections
What are the risk-return tradeoffs associated with a more liberal credit policy?
A liberal credit policy may attract people who don't have enough money to make their payments. With a liberal credit policy, a business will have to have a strict collection department.
What is the journal entry of supplies used?
[Debit] Supplies expenses [Credit] Supplies Inventory
Liberal credit policy?
What are implications of extending more liberal credit terms to customers? Name two companies that had capital management problems and cash inflow difficulties.
The entry to adjust for the cost of supplies used during the accounting period is?
debit Supplies Expense; credit Supplies
What are the implications of extending more liberal credit terms to customers?
By extending more liberal credit terms to customers, your turnover will multiply along with the risk of delayed/non-payment which you to acomodate.
What is liberal credit?
A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.
What is a liberal credit policy?
A liberal credit policy means a company extends positive terms to buyers. They sometimes offer discounts for early payments or allow longer repayment periods with no penalty.
What is liberal credit policy?
A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.
What does it mean when something says liberal credit requirements?
I'm thinking it means u have to have a certain credit score
