0
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.
What else can I help you with?
What is commonly use to determine if you should give a customer an ar account?
To determine if a customer should be given an accounts receivable (AR) account, businesses typically assess the customer's creditworthiness through a combination of credit checks, payment history, and financial stability. They may also consider factors such as the customer's industry, relationship history, and the size of the credit requested. Additionally, establishing clear terms and limits can help mitigate risk when extending credit.
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.
Is a cash advance received from customer considered cash?
Yes, a cash advance received from a customer is considered cash. It represents a payment that the business has received in advance for goods or services that will be delivered later. This amount is typically recorded as a liability on the balance sheet until the service or product is provided, at which point it is recognized as revenue. However, for cash flow purposes, it is treated as cash since it increases the cash balance.
A customer's check received in settlement of an account receivable is considered cash True or false?
true
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.
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 is the meaning of established customer?
An established customer refers to a client or buyer who has a long-standing relationship with a business, often characterized by repeated purchases and loyalty. These customers typically have a better understanding of the brand and its offerings, leading to a higher level of trust. Their ongoing patronage is valuable for businesses, as they often contribute to sustained revenue and can provide valuable feedback.
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.
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.
'What is the formal term for the 'period of time spent by a sales rep building sales relationships with a customer?
establishing rapport?
When the seller is paid the customer payment is?
When the seller is paid, the customer payment is considered complete, and the transaction is finalized. This typically involves the transfer of funds from the customer's account to the seller's account, thereby confirming the exchange of goods or services. The seller may then issue a receipt or confirmation of the sale to the customer. In accounting terms, this payment reflects a reduction in the customer's liabilities and an increase in the seller's revenue.
What is commonly use to determine if you should give a customer an ar account?
To determine if a customer should be given an accounts receivable (AR) account, businesses typically assess the customer's creditworthiness through a combination of credit checks, payment history, and financial stability. They may also consider factors such as the customer's industry, relationship history, and the size of the credit requested. Additionally, establishing clear terms and limits can help mitigate risk when extending credit.
Do gas stations typically have microwaves available for customer use?
No, gas stations do not typically have microwaves available for customer use.
Is Worldpay safe for processing online payments?
Yes, Worldpay is generally considered safe for processing online payments as it is a reputable and established payment processing company with robust security measures in place to protect customer data and transactions.
What is the one-time activation charge?
The one-time activation charge is a fee that is typically charged by a service provider when a new account is opened or a service is activated for the first time. This fee covers the cost of setting up the account and establishing the necessary services for the customer.
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.
