What are the advantages of collecting payment at the time of service?

1 answer:

8 0

<span>Your business can make a profit but still not have enough cash on hand if you don’t collect payment at the time of service. At one given time, you may not have enough cash to pay your bills or payroll, Collecting payment at the time of service will ensure that you have enough cash coming in when you need to pay cash out. </span>

The best example is hospitals. These days, insured <span>patients are no longer allowed to walk out of the hospital without paying because of high administrative costs and low collection rates.</span>

You might be interested in

If a good that generates negative externalities were priced to take these negative externalities into account, its A. price woul

kiruha [24]

Answer:

The correct option is C: price would increase, and its output would decrease

Explanation:

Many companies that produce goods with negative externalities pay hugely for the negative externalities the consumer tend to face. For example, cigarette companies pay huge taxes because of harmful effect on consumer. If they were to price these goods with the negative externalities taken into account, the price of the good will definitely increase and output reduced.

4 0

3 years ago

PLEASE HELP URGENT Use what you know from your reading and explain how the Scopes Trial was a reflection of the 1920s cultural c

saul85 [17]

The trial of John Scopes showed that people were beginning to get tired of oppression even if it meant that the oppression was legal. One could say that his trial was the beginning of shifts in social paradigms.

<h3>What was the scopes trial about?</h3>

The Scopes Trial, which is also referred to by historians as the Scopes Monkey Trial, was the prosecution of John Scopes, a science teacher in 1925, for teaching about evolution in a Tennessee public school.

John Scope was protected because a recent bill had such teaching or topics illegal.

Learn more about The scopes trial at:
brainly.com/question/3434522

8 0

1 year ago

Both petroleum and coal are made up of complex carbon-based molecules, and both originated with living creatures of some kind. B

-BARSIC- [3]

For the answer to the question above, my answer would be comparison and contrast, as it is explaining the similarities between coal and petroleum.
I hope my answer helped you. Feel free to ask more questions. Have a nice day!

6 0

3 years ago

A hurricane hits the coast of the United States, destroying oyster farms. Afterward,

Free_Kalibri [48]

Answer: C. Scarcity

The situation is an example of scarcity.

5 0

2 years ago

Read 2 more answers

The Golden Goose is considering a project with an initial cost of $46,700. The project will produce cash inflows of $10,000 for

MrRissso [65]

The payback period is 4.06 years.

<h3>What is the payback period?</h3>

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows

Amount recovered in the first year = 46,700 - 10,000 = 36,700

Number of years it would take to recover 36,700 = 1 + (36700 / 12,000) = 4.06 years

To learn more about the payback period, please check: brainly.com/question/25716359

#SPJ1

6 0

2 years ago