Firms extending credit to customers should
a. strive for zero uncollectible accounts to eliminate the need for establishing a bad debt expense and maintaining an allowance for uncollectible accounts.
b. grant credit indiscriminately otherwise the firm may be charged with discrimination in the granting of credit and could be found to be in violation of Federal laws.
c. grant credit to a given group of customers whenever the amount collected from the credit sales to that group exceeds the cost of goods sold and the other costs of serving that group.
d. should ignore collection efforts aimed at those customers who have not paid their bills because the cost of staffing and maintaining a collection department are never cost effective.
e. none of the above.
C
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Which of the following is the transformation of the message into the signal which is sent over the communication channel from the transmitter to the receiver?
A. noise B. decoder C. encoder D. sender
If a company wants to utilize data analytics in order to identify those traits that make a prospective customer more likely to purchase, it would use an application known as ________ ________.
Fill in the blank(s) with the appropriate word(s).
Balancing life and work can be achieved by:
a. eliminating unnecessary activities. b. All of the answers are correct. c. letting others help. d. determining what really matters to you.
Byron bought a 50' yacht from Myrtle's Marina by entering into a note and security agreement promising the yacht as collateral for the purchase money security interest. When Byron faced some tough financial times, he failed to make three monthly payments. Myrtle's Marina repossessed the yacht by removing the yacht engine and advertised a public auction of the yacht. Byron appealed to his good
friend Charles and managed to pay off the debt balance and the Marina's expenses of repossessing and advertising the sale. Byron's actions represent: a. strict foreclosure. b. redemption. c. silent bidding at the auction. d. an artisan's lien.