Accepting bank credit cards can decrease the expense of collecting accounts receivable by simplifying transactions and reducing the resources a business has to allocate to debt collection. The use of credit cards, debit cards, and smart cards does not affect the overall money supply in the economy or significantly influence capital expenditures or equity financing.
Accepting bank credit cards can be a strategy to decrease the expense of collecting accounts receivable. Unlike accounts payable, which is money owed by a company, accounts receivable is money owed to the company. When customers purchase goods or services on credit, businesses generally need to undertake certain actions to collect the payments, which might include sending invoices, reminders, and sometimes employing collection agencies. If customers pay using their credit card, the bank or credit card company facilitates the transaction, reducing the resources that the business has to allocate for the collection of this debt.
Credit cards, debit cards, and smart cards are instruments that consumers use to simplify transactions, which subsequently facilitates easier cash flow for businesses. However, the use of these types of payment methods does not affect the overall money supply in the economy or significantly influence capital expenditures or equity financing.
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Answer:
$27.90 is the correct answer
variation
limited life
limited supply
Answer:Limited supply
Explanation:
Money refers to an item which can serve the purpose of exchange i.e a medium of exchange and must be accepted by the society.
Money is limited in supply. It has to be limited in supply in order to have value. Hence, the supply of money which includes cash, money or deposit in the bank, coins and so on in a given country is regulated by the Central Bank of the country.
Answer:
63/100
Explanation:
we just multiply them by 100/100