I'm assuming single means non-married, in that case your max repayment would be $1,250
Answer:
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<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>
Answer:
Please find the complete question in the attached file.
Explanation:



Advantages that can be associated with Budgeting are:
forcing managers to think about and plan for the future
- promoting cooperation and coordination among different areas within the organization
- providing benchmarks for evaluating performance
- providing lead time to solve potential problems.
- Budgeting can be regarded as a process involving a creation of a plan to spend your money.
- It helps the manager think about the future in terms of our finance and give a benchmarks for evaluating performance.
Therefore, Budgeting helps in how to spend our money.
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