Question
You work as a wholesale person for a plumbing company. One of your customers, a contractor has an open line of credit with your company
You work as a wholesale person for a plumbing company. One of your customers, a contractor has an open line of credit with your company for $10,000 worth of products He is currently at his limit; however, he is not overdue. He has just received word that he has been awarded a $40,000 plumbing contract at the local airport. The contract requires he supply $9,000 worth of plumbing products. Your customer does not have the cash to pay for the additional products. he tells you that unless you can provide him some type of financing, he may lose the contract. he says that he can pay you when he finishes his next job in 60 days. Explain what you will do?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started