How does an open charge account differ from a revolving, Management Theories

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How does an open charge account differ from a revolving

1. How does an open charge account differ from a revolving charge account?

2. What is meant by the terms 2/10, net 30? Does it pay to take discounts when they are offered?

3. What is the major purpose of aging accounts receivable? At what point in credit management should this activity be performed? Why?

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Management Theories: How does an open charge account differ from a revolving

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Management Theories: How does an open charge account differ from a revolving

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