Discuss accounts receivable management methods in a small business.

What will be an ideal response?


Answers will vary from student to student. However, the following list contains items that could be discussed in their answers.

?Analyze credit information on customers from credit bureaus.?Use an aging schedule to forecast cash conversion rates.?Use periodic billing statements.?Establish adequate records and collection procedures.?Compute a bad-debt ratio.?Follow credit regulations and rules.

Business

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Trends for the next decade include all of the following except:

A. Green products B. Health Maintenance C. Clean energy D. New age music

Business

Clinton owns a popular coffee shop in downtown Seattle. Rather than open up a second shop, he allows another business owner to use his company name and follow the same operations. The second business owner, in turn, pays him an initial monthly fee for operational support and the use of the company name. What revenue model does this represent?

a. intermediation model b. franchising model c. licensing model d. professional revenue model

Business

Marketing executives at Diet Pepsi want to analyze the number of Diet Coke customers who switch to its product when Diet Pepsi is offered at a deep discount. What data would likely show this information?

A. internal secondary data B. primary panel data C. primary internal data D. secondary panel data E. scanner data

Business

The federal government allows the states to regulate corporate stock, since corporations are state-created entities

Indicate whether the statement is true or false

Business