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Steps for developing a credit policy

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Reference no: EM132666216

Place the following steps for developing a credit policy in the correct order of process:

  • A: The company decides that it wants to minimize opportunity costs by having as much cash on hand as possible.
  • B: The company decides that it will send out two notices of late payments to customers before pursuing other collection methods.
  • C: The company decides that its payment terms will be Net 15.

A) A, B, C

B) C, B, A

C) A, C, B

D) C, A, B

Reference no: EM132666216

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