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Find how will the decision affect sales and profits

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Reference no: EM132680190

The focus will be on accounts receivable. Imagine you are the owner of any business of your choice. For your initial post explain the following:

Question 1: What is the business that you have chosen? Why did you choose this type of business?

Question 2: What products or services will your firm sell?

Question 3: Would you extend trade credit to your customers? (Do not discuss credit card payments, but rather, direct credit to your customers.) Why or why not?

Question 4: How will this decision affect your sales and profits?

Question 5: If you choose to extend credit, how would you ensure that your firm is paid by its customers?

Question 6: How would you account for customers who fail to pay their debt to your business?

Reference no: EM132680190

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