Assume that a buyer calls a seller to order $3,000 worth of goods and her credit limit is $10,000.If the sellers accounts receivable is already $8,500,how much of the new order will be accepted?
A) The entire amount
B) $1,500 only
C) No amount
D) $10,000 only

Question

Quizplus · Accepted Answer

Since the buyer's credit limit is $10,000 and their current accounts receivable is already at $8,500, the seller can only accept $1,500 worth of the new order to stay within the credit limit. Therefore, the correct answer is B) $1,500 only.

Assume That a Buyer Calls a Seller to Order $3,000