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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?
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 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.
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.
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 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.
Do gas stations typically have microwaves available for customer use?
No, gas stations do not typically have microwaves available for customer use.
'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 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 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.
What do customer effectiveness metrics typically focus on?
Customer effectiveness metrics typically focus on customer satisfaction, loyalty, retention rate, lifetime value, and referral rate. These metrics help businesses understand how well they are meeting customer needs and how likely customers are to continue doing business with them.
When should the KYC process be performed?
The KYC process should be performed before establishing a business relationship or conducting financial transactions with a customer.
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 Before offering terms does a company typically require of a customer without a credit history?
Before offering terms to a customer without a credit history, a company typically requires alternative forms of verification to assess creditworthiness. This may include proof of income, employment verification, or bank statements. Additionally, they might request a co-signer with an established credit history or require a deposit to mitigate risk. These steps help the company evaluate the customer's ability to fulfill payment obligations.
