List and describe the three types of credit.
What will be an ideal response?
Consumer credit: is made of three types.
Credit cards: are also made of the three types.
Trade credit: Sellers to business extend credit with specific terms, such as 2/10 net 30. Failure to pay within the discount period makes the full amount of the invoice due in 30 days. Sales terms for trade credit depend on the product sold as well as the buyer's and seller's circumstances. The credit period often varies directly with the length of the buyer's inventory turnover period. The larger the credit rating of the buyer, the better the terms of the sale will be. The greater the financial strength and the more adequate and liquid the working capital of the seller, the more generous the seller's sales terms can be. In many types of businesses, terms are so firmly set by tradition that a unique policy is difficult for a small firm to implement.
Business
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Which of the following interests in real property transfers to another person after the present holder's death?
A) easement B) mortgage C) installment D) life estate
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Standard & Poor's and the U.S. government are good sources of industry and market data.
Answer the following statement true (T) or false (F)
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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
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In a transportation problem, each destination must be supplied by one and only one source
Indicate whether the statement is true or false
Business