Register
How would allowing customers ( with good credit) avoid payments and interest for up to four years, affect a businesses balance sheet?
164k views
0 votes
How would allowing customers ( with good credit) avoid payments and interest for up to four years, affect a businesses balance sheet?

User Srikantha Ks
by
5.3k points

1 Answer

5 votes

Answer:

It will undermine the portfolio. Increase the accounts receivable and it is a dangerous practice if the company does not use a collateral to secure the repayment of the credit.

User Walter Lockhart
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.8m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Link Copied!