A-One Garage Doors
Having worked in the door installation industry for about six years, Harry has started his own company called "A-One Garage Doors". The company assembles, installs, provides services and repairs for both residential and industrial garage doors. Like any other business when it comes to residential accounts Harry's conditions are cash but for industrial accounts he thinks he should offer credit. Furthermore, he is contemplating what level of inventory he should keep to meet the demand.

-Harry needs to know that when it comes to providing credit,this is true.
A)It reduces the cost of selling.
B)It forces all customers to pay.
C)It usually results in lower sales revenues.
D)It accelerates the receipt of cash.

Question

A-One Garage Doors
Having worked in the door installation industry for about six years, Harry has started his own company called "A-One Garage Doors". The company assembles, installs, provides services and repairs for both residential and industrial garage doors. Like any other business when it comes to residential accounts Harry's conditions are cash but for industrial accounts he thinks he should offer credit. Furthermore, he is contemplating what level of inventory he should keep to meet the demand.

-Harry needs to know that when it comes to providing credit,this is true.
A)It reduces the cost of selling.
B)It forces all customers to pay.
C)It usually results in lower sales revenues.
D)It accelerates the receipt of cash.

Quizplus · Accepted Answer

The Answer of A-One Garage Doors
Having worked in the door installation industry for about six years, Harry has started his own company called "A-One Garage Doors". The company assembles, installs, provides services and repairs for both residential and industrial garage doors. Like any other business when it comes to residential accounts Harry's conditions are cash but for industrial accounts he thinks he should offer credit. Furthermore, he is contemplating what level of inventory he should keep to meet the demand.

-Harry needs to know that when it comes to providing credit,this is true.
A)It reduces the cost of selling.
B)It forces all customers to pay.
C)It usually results in lower sales revenues.
D)It accelerates the receipt of cash.

A-One Garage Doors Having Worked in the Door Installation Industry for About Six