The role of the credit department includes ________.
A) approving all credit applications in order to avoid losing sales
B) evaluating customers' credit applications to determine whether they meet the company's approval standards
C) following unwritten approval standards for processing customers' credit applications
D) collecting cash from customers
Correct Answer:
Verified
Q21: Alltech Company maintains a separate accounts receivable
Q22: Separation of cash-handling and cash-accounting duties is
Q23: Because customers make payments on account throughout
Q24: Sales through credit or debit cards transfer
Q25: The employees who handle cash know how
Q27: A business maintains subsidiary accounts for
Q28: When businesses accept payment by credit and
Q29: A business maintains a separate Accounts Receivable
Q30: When businesses accept payment by credit and
Q31: Specialty Foods Company maintains a separate accounts
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