can you please help me out with the following question

Document your new client credit policy here. This will ensure the clothing business maximise its cash flow and recoup any outstanding monies in due course and in a timely fashion. you need to include how it will be monitored to ensure it is being adhered to and how it will be regularly maintained, both formally and informally. This credit policy should be used for purchases up to $20 000. Ensure you include terms of conditions, conditions of payment, invoice process, variations to debtor account limits and what happens if the customer doesn't adhere to the policy.

here is my answer and the feedback from my teacher

AutoSave ON AROO?... Financial Strategy Plan Template - Saved View 9 Tell me Home Insert Draw Design Layout References Mailings Review Share Comments X LE AOCE Aos Dalfe Aasbccdc bolele Calibri (Bo... 11 v A A Aan A B BI U X X AYAM AaBbCel Aanbede Hing1 Hearing? Pasid == Hogy Innter Guide Norma No Scing Styles Dictate Editar Pare the conditions of a new client credit policy will include, the payment due date, the maximum amount that a customer can buy on credit, credit terms, accepted methods of payment, information on early payments. All customers that are using credit options in Young & Unique, will be informed about all conditions before they by the item/s on credit. Young and Unique will be using the credit invoice system, to help keep track of what customer are up to date with their payments, and which customers are not on track with their payment, so Young & Unique can take farther action. The credit invoice system will use the information from credit invoices to update the customers account, changes the account receivables and regulates the sales tax records. Varistors to debtor account limits can be due to the credit period which is the length given to buyers to pay for purchases, discounts will be given to customers that give early payments, credit statements which represent, the required financial strength of acceptable credit customers and collection policy. If Young & Unique is offering a credit policy that is too strict, it may affect customer and they will turn away from sales, which could lead to a decrease in the amount of cash flow that Young & unique receives. If the customer doesn't adhere to the credit policy, the company can terminate their account, or take them to court for the money they owe. A strong credit policy should be upheld by Young & unique, since it maintains a positive bank balance, supports bigger projects and also reduces the amount of bad debts, that a the business writes off annually. Page 6 of 20 94 of 4866 words LE English Australia Focus 3 + 162% 2.1 Develop a client credit policy to be used for your debtors so you can maximise your cash flow. Discuss how the policy will be recorded to ensure it is stored in a secure location for only suitable people to have access to. Your policy needs to explain how it will be monitored to ensure it is being adhered to and how it will be regularly maintained, both formally and informally. The policy should be used for sales up to $10 000 and should include the following information: You have provided information to create a client credit policy to be used within your business. Your discussion on how the policy will be used in your business including the storage and access is very suitable. You have covered off all of the appropriate requirements for the policy but you have not actually written the policy Rebecca. a. Terms and conditions b. Conditions of payment c. Invoice process d. Variations to debtor account limits e. What will happen if the customers don't adhere to the policy (both from the business and customer point of view) f. How you will evaluate the outcome of the credit policy after it has been implemented AutoSave ON AROO?... Financial Strategy Plan Template - Saved View 9 Tell me Home Insert Draw Design Layout References Mailings Review Share Comments X LE AOCE Aos Dalfe Aasbccdc bolele Calibri (Bo... 11 v A A Aan A B BI U X X AYAM AaBbCel Aanbede Hing1 Hearing? Pasid == Hogy Innter Guide Norma No Scing Styles Dictate Editar Pare the conditions of a new client credit policy will include, the payment due date, the maximum amount that a customer can buy on credit, credit terms, accepted methods of payment, information on early payments. All customers that are using credit options in Young & Unique, will be informed about all conditions before they by the item/s on credit. Young and Unique will be using the credit invoice system, to help keep track of what customer are up to date with their payments, and which customers are not on track with their payment, so Young & Unique can take farther action. The credit invoice system will use the information from credit invoices to update the customers account, changes the account receivables and regulates the sales tax records. Varistors to debtor account limits can be due to the credit period which is the length given to buyers to pay for purchases, discounts will be given to customers that give early payments, credit statements which represent, the required financial strength of acceptable credit customers and collection policy. If Young & Unique is offering a credit policy that is too strict, it may affect customer and they will turn away from sales, which could lead to a decrease in the amount of cash flow that Young & unique receives. If the customer doesn't adhere to the credit policy, the company can terminate their account, or take them to court for the money they owe. A strong credit policy should be upheld by Young & unique, since it maintains a positive bank balance, supports bigger projects and also reduces the amount of bad debts, that a the business writes off annually. Page 6 of 20 94 of 4866 words LE English Australia Focus 3 + 162% 2.1 Develop a client credit policy to be used for your debtors so you can maximise your cash flow. Discuss how the policy will be recorded to ensure it is stored in a secure location for only suitable people to have access to. Your policy needs to explain how it will be monitored to ensure it is being adhered to and how it will be regularly maintained, both formally and informally. The policy should be used for sales up to $10 000 and should include the following information: You have provided information to create a client credit policy to be used within your business. Your discussion on how the policy will be used in your business including the storage and access is very suitable. You have covered off all of the appropriate requirements for the policy but you have not actually written the policy Rebecca. a. Terms and conditions b. Conditions of payment c. Invoice process d. Variations to debtor account limits e. What will happen if the customers don't adhere to the policy (both from the business and customer point of view) f. How you will evaluate the outcome of the credit policy after it has been implemented