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statuscvo [17]
3 years ago
13

How can a company limit bad debts?

Business
2 answers:
xxTIMURxx [149]3 years ago
8 0

\huge\pink{Q}\pink{u}\pink{e}\pink{s}\pink{t}\pink{i}\pink{o}\pink{n}\pink{:}

<u>How can a company limit bad debts?</u>

<h2>• Answer •</h2>

  • <u>Filter your customers. Not all customers are good for your business.</u>
  • <u>Require up-front payments.</u>
  • <u>Set reasonable credit limits.</u>
  • <u>Provide clear payment terms and penalties.</u>
  • <u>l</u><u>mprove your accounting.Implement strict collection procedures.</u>
  • <u>Use cloud-based software for debt collection.</u>
elena-s [515]3 years ago
3 0

Answer:

<u>The best way of controlling bad debts is </u><u>not to provide credits to everyone</u><u>. As more amount of credit will be given to the people, the risk of bad debts will increase. The funds left should be used for the development of the company.</u>

Explanation:

hope it helps :)

pls mark brainleist :P

`

`

`

<em>Tori </em>

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Kiki as a manager is an example of a manager enhancing the employees job satisfaction, because she let Sandra do what she is passionate about.

<h3>How Managers Can Motivate Employees?</h3>

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It's also a good idea to use gestures to support your speech. Employees should ideally be rewarded by being given more scheduling freedom or by being placed on a promotion route. Don't forget to compliment staff on their unique qualities as well.

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2 years ago
What is a lease?
Elodia [21]
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4 0
3 years ago
Read 2 more answers
Financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known
mojhsa [17]

Answer:

The correct answer to the following question is Pro forma financial statements.

Explanation:

A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued.  And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.

If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.

4 0
3 years ago
How do consumer credit counseling services help individuals with excessive debt?
Ulleksa [173]

Answer:

They negotiate with creditors to reduce interest rates and fees

Explanation:

i just did the test and got it right

5 0
3 years ago
erest rate parity holds. The U.S. interest rate is 13 percent and the British interest rate is 10 percent. The forward rate on B
vampirchik [111]

discount; 2.73

premium; 2.73

discount; 3.65

premium; 3.65

The forward rate on British pounds exhibits a premium of 2.73 percent.​Answer: Option 2.

<u>Explanation:</u>

An interest rate is the percentage of principal charged by the bank for the utilization of its cash. The chief is the measure of cash advanced. Since banks acquire cash from you (as stores), they additionally pay you a loan fee on your cash.

The nominal interest rate is the rate of interest with no alteration for inflation. For instance, assume somebody stores $100 with a bank for 1 year, and they get enthusiasm of $10 (before charge), so toward the year's end, their parity is $110 (before charge).

3 0
3 years ago
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