When managing accounts receivable, a good strategy would be to ________
A) send the accounts to a collection agency to extract payments
B) tighten the credit terms to force the customer to pay on time
C) offer cash discount without losing sales and imposing burden on customer
D) make frequent personal visits to the customer to remind him about his dues
C
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All of the following can provide evidence of an economic event except
a. source document b. turn-around document c. master document d. product document
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $20,400. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2450, outstanding checks of $3900, a NSF check of $2600, bank service charges of $125 and the EFT from a customer in payment of the customer's account of $3400.What is the up-to-date ending Cash balance?
A. $18,275 B. $18,950 C. $21,850 D. $24,825
Why is price considered one of the most flexible elements of the marketing mix?
What will be an ideal response?
A firm that brings in outside companies to accomplish supply chain activities is using ________
A) insourcing B) outsourcing C) crowdsourcing D) intensive distribution E) exclusive distribution