Shortcut Navigation:

Credit Management Quiz (Customer, Credit, Goods)

Factoring refers to:

If a firm sells goods on terms 2/30 net 60, customers who do not take the cash discount are effectively borrowing money at approximately 2% per year.

If goods are sold on open account, the customer is asked to sign an IOU.

A commercial draft is simply an order to pay.

Credit scoring makes sense when a company has a few large customers.

Tagged as: customer
Home | About | Create | Register | Privacy | Terms | Sitemap | [Facebook] [Twitter] [Google+]