One key advantage of offering credit is:
A) interest on overdue accounts is a major source of income.
B) it is a social responsibility to operate a business.
C) it results in increased sales.
D) it creates sales volume which can then be used to borrow more funds from a bank.
Correct Answer:
Verified
Q13: The expense ratio is:
A) expenses divided by
Q14: Which is not a financial activity that
Q15: Balance sheet items are generally listed in
Q16: Which of the following best describes accounting
Q17: A ledger is an):
A) running balance of
Q19: The accounting cycle consists of:
A) sale, collection,
Q20: Which is not an advantage of accounting
Q21: Credit cards and online banking:
A) are universally
Q22: A credit collection policy is likely to
Q23: Credit bureaus are used to:
A) justify bank
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