Once a small business has established a firm written credit policy and communicated it,the next step in building an effective credit policy is to:
A) send invoices promptly.
B) determine what percentage of sales is being written off as bad debt.
C) create a simple credit application.
D) create a "tracking file" of events.
Correct Answer:
Verified
Q32: Efficient cash managers:
A)disregard trade discounts because of
Q33: A bank account that technically never has
Q34: Once a credit account becomes past due,a
Q35: If a small business owner receives a
Q36: The American Collector's Association has found that
Q38: The first line of defense against bad
Q39: When managing your accounts payable,as a small
Q40: An arrangement in which customers mail their
Q41: _ is not one of the three
Q42: Cash management involves:
A)forecasting.
B)collecting.
C)disbursing and investing.
D)All of the
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