One key advantage of offering credit is
A) it is a socially responsible to operate a business
B) interest on overdue accounts is a major source of income
C) it creates sales volume which can then be used to borrow more funds from a bank
D) results in increased sales
Correct Answer:
Verified
Q10: Credit bureaus are used to
A)evaluate customers before
Q11: Which of the following best describes accounting
Q12: An income statement can show a profit
A)as
Q13: A credit collection policy is likely to
Q14: The accounting cycle consist of
A)recording - classifying
Q15: A ledger is a(n)
A)book that records customer
Q17: Which of the following best describes the
Q18: A statement of changes in financial position
A)is
Q19: Outsourcing financial activities
A)is dangerous because of loss
Q20: Productivity ratios measure
A)total manufacturing output
B)quality of life
C)employee
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