Poor credit risks deserve to be charged
Question:
Do you believe that customers who are poor credit risks deserve to be charged higher interest rates? If you say yes, are you not taking advantage of customers who can least afford to pay extra for the things that they buy?
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How are credit sales booked? On which statement(s) do they show up?
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Do you believe that customers who are poor credit risks deserve to be charged higher interest rates?
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What is the company's average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period.
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