For-this-discussion,-the-focus-will-be-on-accounts-receivable.-Imagine-you-are-the-owner-of-any-business-of-your-choice.-For-your-initial-post-explain-the-following:

What-is-the-business-that-you-have-chosen?-Why-did-you-choose-this-type-of-business?

What-products-or-services-will-your-firm-sell?

Would-you-extend-trade-credit-to-your-customers?-(Do-not-discuss-credit-card-payments,-but-rather,-direct-credit-to-your-customers.)-Why-or-why-not?

How-will-this-decision-affect-your-sales-and-profits?

If-you-choose-to-extend-credit,-how-would-you-ensure-that-your-firm-is-paid-by-its-customers?

How-would-you-account-for-customers-who-fail-to-pay-their-debt-to-your-business?