equired information Accounts receivable are amounts due from customers for credit sales. A subsidiary ledgerlists amounts owed by each customer. Credit sales arise from at least two sources: (1) sales on credit and (2) store credit card sales. Sales on credit refers to a company's granting credit directly to customers. Store credit card sales involve customers' use of store credit cards. Sellers allow customers to use credit cards for all of the following reasons:
a. seller does not have to decide who gets credit.
b. seller accepts the risk for extending credit to customers.
c. seller receives cash sooner than if credit is granted directly to the customers.
d. may allow seller to increase sales volume.
e. seller determines which customers receive credit and how much.

Question

04-01-2021
Business

Answered

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equired information Accounts receivable are amounts due from customers for credit sales. A subsidiary ledgerlists amounts owed by each customer. Credit sales arise from at least two sources: (1) sales on credit and (2) store credit card sales. Sales on credit refers to a company's granting credit directly to customers. Store credit card sales involve customers' use of store credit cards. Sellers allow customers to use credit cards for all of the following reasons:
a. seller does not have to decide who gets credit.
b. seller accepts the risk for extending credit to customers.
c. seller receives cash sooner than if credit is granted directly to the customers.
d. may allow seller to increase sales volume.
e. seller determines which customers receive credit and how much.

Sagot :

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sandlee09 sandlee09 · Answer 1 · 2021-01-04T19:36:33-05:00

Answer:

a. c. and d.

Explanation:

Credit cards are extremely commonly used because of its ease of use and because it gives both sellers and buyers many benefits. For sellers they allow customers to use credit cards because they do not have to decide who gets credit, seller receives cash sooner than if credit is granted directly to the customers, and may even allow the seller to increase sales volume. This in general gives the seller a new payment option that is widely used which in term brings in more customers as they are able to purchase the products with money they do not currently have.

Sagot :

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