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Is establishing a 1 percent 10 days Net 30 term would be considered a benefit to a customer and should typically be offered after they have established a quality payment pattern?
Wiki User
∙ 9y ago
False. It would be a benefit to both the customer and the company. This woul mean if the customer wants a discount from the supplier they would need to pay the invoice within 10 days to receive the discount, and this would then allow the company to receive their money quicker.
Wiki User
∙ 9y ago
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How can someone make merchant accounts with credit cards?
To make a merchant account with a credit card, one would typically have to make the provider of the credit line aware of merchant use upon signing up. This is typically an option one can choose when establishing the line of credit, or one that can be made through contact to customer support.
Why are discounts allowed listed as a finance expense of the business?
a supplier offers a discount for prompt payment. this is considered financing the customer the "discount amount" for the additional days of the net due date when the customer does not take the early pay discount. so when the customer pays the full amount on the net due date, the amount above the discount amount is considered interest revenue. it is treated as such on the financial statements. Even discount allowed is when the seller of goods or services grants a payment discount to a buyer. When the seller allows a discount, this is recorded as a reduction of revenues, and is typically a debit to a contra revenue account.
What is the most basic internal control for cash?
Keeping money in the bank account because banks have established practices for safeguarding customer's money.
A customer's check received in settlement of an account receivable is considered cash True or false?
true
What is a letter of remitance?
By definition, a letter of remittance is "a document sent by a customer, which is often a financial institution or other type of firm, to a creditor or supplier along with a payment to briefly explain what the payment is for so that the customer's account will be credited properly." These letters are usually used when the customer does not have an established account with the other entity.
How you established a good working relationship with a customer or a colleague in a workplace?
How you established a good working relationship with a customer or a colleague in a workplace?
What jobs exist in the customer relations category?
A job that exists in the customer relations category is being a Customer Relations Manager which manages the customer relations department. You could also be a Customer Service Representative which is responsible for establishing a good relationship with the customer.
What do customer effectiveness metrics typically focus on?
the truly answer is market share, customer acquisition and customer profitability
What is the main advantage of establishing per-item prices on an order and pricing form?
The main advantage of establishing per item prices on an order and pricing form is for the customer can tailor to their budget.
How can someone make merchant accounts with credit cards?
To make a merchant account with a credit card, one would typically have to make the provider of the credit line aware of merchant use upon signing up. This is typically an option one can choose when establishing the line of credit, or one that can be made through contact to customer support.
'What is the formal term for the 'period of time spent by a sales rep building sales relationships with a customer?
establishing rapport?
Raising your voice when speaking to a customer or supervisor is considered what?
Raising your voice when speaking to a customer or supervisor is considered to be unprofessional.
How does the Toyota pickup perform in customer ratings?
Toyota typically rates high in customer satisfaction ratings. Survey results vary by model.
How do you balance the needs and expectations of the customer with those of the organisation?
It is important to balance customer needs with those of the organization. Typically, an organization's main priority is customer satisfaction. In such a case, the best policy is to make sure the customer leaves happy.
What are some methods of Customer Relationship Management?
"Customer relationship management is useful in granting more positive relationships between customer and business, business and business in its varied forms. Also, it offers a stabilizing force in neighborhood relationship to business establishing a foothold or a renewed partnership with a community."
What does it mean for someone to have an excellent call from a customer?
In the Customer Service field, there can be many different kinds of excellent calls. Typically, an excellent call would be one in which a great rapport was developed with the customer.
3 methods of establishing retail price?
1.make sure that you alwats have profit. 2.think about your customer's welfare. 3.make your product affordable.
