Why does a company sell on credit if it expects that some of the accounts will not

Question:

Why does a company sell on credit if it expects that some of the accounts will not be paid? What role does a credit department play in selling on credit? Q-8

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

See More Books

Question Posted: Jun 12, 2024 10:09 AM

See More Questions

[2020] FWC 5190 AUSTRALIA, FairWork DECISION Commission Fair Work Act 2009 s.394 - Application for unfair dismissal remedy Julia Hoare V Lowlands Pastoral Company Pty Ltd T/A Midfield Meats...
please be creative .i want creative answers and no short answers .... Subscribe Now Sign In The Wall Street Journal Tinkering With Currencies Doesn't Solve Economic Problems By GEORGE MELLOAN Updated...
1. What is the issue being put forward in front of the tribunal? (1 marks) 2. Identify the employee and the true employer or former employer. (4 marks) Employee Name:...
What is the result of executing the following method? A. The declaration of name does not compile. B. The declaration of _number does not compile. C. The declaration of profit$$$ does not compile. D....
For how many years will Prasad make payments on the $28 000 he borrowed to start his machine shop if he makes payments of $3400 at the end of every three months and interest is 8.08% compounded...
Discuss the mode of operation of systems of budgets and budgetary control.
Describe how to manage exportimport transactions. LO.1
Presented here are liability items for Desmond Inc. at December 31, 2014. Pre-pare the liabilities section of Desmonds balancesheet. 7,800 40,000 80,000 3,500 1,700 Accounts payable Notes payable...
If you could help me with this, would be great. Comprehensive Individual Project: Harriet's Hats, Inc. Harriet's Hats is a fictional company. The following information includes the balance sheet as...
What accounting rule is violated by the direct charge-off method of recognizing uncollectible accounts? Why? Q-9
Which of the following items should be in accounts receivable? If an item does not belong in accounts receivable, tell where on the balance sheet it does belong: (a) installment accounts receivable...
G. Clark has a job as a car salesman. He is paid a basic salary of 1,200 per month, plus commission of 2 per cent on the value of his car sales. During the month of April 2016 he sells 240,000 worth...
The figure shows a turbine-driven pump that provides water, at high pressure, to a tank located 25-m higher than the pump. Steady-state operating data for the turbine and the pump are labelled on the...
Step 1 Step 2 1. Sketch what step 4 and then step 5 would look like. Step 4 Step S 2. How many black triangles are in each step? Step 1 black A = | Step 2 = 4 black A's step 3 = 13 black D's 3. What...
The pressure cooker pictured here consists of a light pressure vessel with a heavy lid of weight W. When the lid is secured, the vessel is filled with a hot pressurized gas of pressure p. After some...
5) A large group of students took a test in Finite Math where the grades had a mean of 72 and a standard deviation of 4. Assume that the distribution of these grades is approximated by a normal...
Q9 (5 points) According to Dr. Henry Mintzberg, a noted management scholar from McGill University in Montreal, PQ, "business organizations perform only two activities of consequence." What are these...
Nilani Company purchased 100 Arapaho Company on April 1, 2007. The bonds pay interest semiannually on March 31 and September 30 at an annual coupon rate of 9%. The bonds sold at an effective yield of...
2.) Find the Laplace transform of f(t) 7e-St cos 2t +9 sinh2 2t. Use Laplace Table. %3D
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would...
I need help finding the callable price and call value
On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000

Why does a company sell on credit if it expects that some of the accounts will not

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions