Question

Slick's Used Cars sells pre-owned cars on the installment basis and carries its own notes because its customers typically cannot qualify for a bank loan. Default rates tend to be high or unpredictable. However, in the event of nonpayment, Slick's can usually repossess the cars without loss. The revenue method Slick would use is the:a) Installment sales method.b) Point of sales method.c) Cost recovery method.d) Installment sales method or cost recovery method

Answer 1

Answer:

All these methods will work