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- how can using a mix of Accounts Receivable, Notes Receivable and accepting Credit Cards can benefit your businessHow is a line of credit issued by a bank similar to a credit card?Bank rates on credit card balances are usually similar to the rate charged on business loans. Group of answer choices: True False
- The receipt of money from a bank loan is recorded as a debit to Cash and a credit to Sales.Discuss the different types of banks deposits in respect to features, interest, cost, withdrawals, etc. and explain how deposits are relevant to credit managementPaying bills through online banking on their due dates is an acceptable way to maintain excellent credit ratings with the credit bureau. True or false
- Credit cards provide consumers with what is known as revolving credit. True or falsewhich of the following source of finance allows the holders to withdraw more than their balance ? a. Commercial Paper b. Bank Overdraft c. Credit card d. cash creditwhich of the following source of finance comes with a line of credit ? a. Credit card b. Mutual Fund c. Commercial Paper d. Supplier credit
- Why do you think businesses extend credit to customers thereby creating accounts receivable?Investigate the procedures in your financial institution in granting credit cards and the possible benefits and drawbacks to the institution.can you please explain the difference between Accounts Receivable, Notes Receivable and accepting Credit Cards and pros and cons of each.
