Sales/collection Steps LCM Corporation Completes the Steps Listed Below in Its Sales/collection
Sales/collection steps
LCM Corporation completes the steps listed below in its sales/collection process. Number them according to the order in which they should occur; if an item is not part of the sales/collection process; mark it with an "X."
a. Customer remits cash to LCM
b. Customers complete an online form indicating what they want to buy
c. Develop a monthly sales budget
d. Hold a meeting for sales staff to introduce new products
e. Inventory is loaded on a truck for delivery to the customer
f. LCM prepares and sends invoices to clients
g. LCM's credit department authorizes the sale
h. Prepare the income statement
i. Staff in the warehouse assemble the goods for the customer
j. Write off bad debts.
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