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What products or services will your firm sell

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Question: 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:

- What is the business that you have chosen? Why did you choose this type of business?

- What products or services will your firm sell?

- 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?

- How will this decision affect your sales and profits?

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

- How would you account for customers who fail to pay their debt to your business?

Reference no: EM132722859

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