1. Research on the meaning discount management, and in your own understanding base on your research, define discount management.

Q: In your own words, explain the advantages and disadvantages of credit.

A: Credit involves making the purchase of goods or availing services and paying for the transaction in…

Q: DEFINE credit policy

A: Credit policy is the set of policies governing a company’s credit sales, outstanding amounts;…

Q: Explain the characteristics of credit products.

A: When the banks or any financial institutes commitments or guarantees on the behalf of the customers…

Q: Determine the decision nature of each of the following issues: Will we purchase on credit or will we…

A: Purchase decision can be defined as the thought process that leading a consumer from identifying a…

Q: What is easy-access credit?

A: Introduction: The ability to borrow cash or obtain goods or services with expectation of repaying it…

Q: sales required in rials to earn net income

A: Sales required to earn desired income = (Fixed costs + Desired income)/Contribution margin ratio…

Q: When offered with single trade discounts, discount series, and cash discount, would you avail of…

A: Single trade discounts- are discounts that a supplier offers  to customers when  specific condition…

Q: Before taking out a consumer loan, you should be sure the purchase is compatible with your financial…

A: We may not always have the funds necessary to complete some tasks or purchase certain items.…

Q: Owner wants to purchase larger percentage of goods on credit. what advice would you give?

A: Goods purchase on credit: Goods are purchased by the company to sell by adding profit margin. Or…

Q: The control procedure “credit sales approved by credit department” is directed toward which…

A: Existence assertion relates to asserting if the transaction has actually taken place. Completeness…

Q: Define discounts (in credit terms)

A: Discount in credit terms is a method utilized to understand receivables for deal with cash flow…

Q: xplain the importance of maintaining good credit rating

A: Credit refers to the ability of an individual or an entity to borrow money from some other…

Q: How to calculate the list price? O a. List price = Amount of Discount/Rate of Discount O b. List…

A: Discount means the amount which is not required to be paid or received. Discount is deducted to find…

Q: How does credit scoring operate, and how are we as consumers and users of credit effected by it?

A: Credit Scoring - Credit scores are calculated with the help of the details of the old payment…

Q: Explain what important information we can get from each sources of credit information to be able to…

A: Financial organizations seek to reduce the risk of supplying to borrowers by completing a credit…

Q: What is open-end credit and give and example

A: Open-end credit is a type of loan which is approved between the borrower and the financial…

Q: Describe the discounting process?

A: discounting is the process of determining the future value into present value, In discounting time…

Q: Debit Cash Credit Other Financing Sources What does this journal entry mean?

A: The meanings  of different journal entries are presented hereunder :

Q: Discuss the relationship between Credit View and Monetary Policy.

A: Monetary Policy:Monetary Policy is a policy that is planned and implemented by the central bank of a…

Q: For every debit there will be an equal credit according to a. Money measurement concept b. Dual…

A: According to the Dual aspect concept, each and every transaction has two aspects one is Debit and…

Q: Discuss the objects of the cut off on the sales and collection cycle.

A: The cash collection cycle is the number of days it takes to recover accounts receivable. The…

Q: Credit and collection management is also known as RCM. What is RCM and its meaning

A: credit and collection management is that term mostly used in the accounting for goods and services…

Q: what are the strategies to improve credit

A: Credit is referred as an agreement, which are between the borrower and the lender. It might decrease…

Q: he credit qualities need to be investigated

A: Credit quality is a measurement of a human or company's creditworthiness, or the ability to repay…

Q: In your own definition what is credit and what is collection

A: The businesses tend to conduct their operations not only on a cash basis but also on a credit basis.…

Q: What are the advantages and disadvantages of using credit?

A: Credit is defined as the financial agreement where the borrowers receive something valuable and in…

Q: What is invoice discounting and what are the advantages

A: Introduction: Discounting is nothing but financial process in which in exchange for a fee, a debtor…

Q: Summarize on what you understand from the purchase cycle system

A: Purchase Cycle System- Purchasing Cycle system refers to as system of buying product and service.

Q: The objective of is to encourage the buyer to purchase in large quantities and to increase the level…

A: The sellers of the goods adopt various techniques to encourage the buyers to acquire goods in large…

Q: Summarize the process to determine whether you can afford a particular purchase

A: The process is a defined way that helps individuals to analyze the particular item for taking the…

Q: What is the discounting process?

A: Discounting: It is the process where the bill is given to a bank to get the bill discounted before…

Q: evolution of purchasing development framework

A: Answer – Evolution of purchasing development framework – The product concept- This is from period…

Q: What do you understand from trade and cash discount? How to calculate trade discount, cash discount…

A: A trade discount is provided by the supplier in the form of quantity discount to the customer. It is…

Q: What is Transfer Pricing? What are the approaches in determining transfer prices? In your own…

A: Explanation of transfer pricing and approaches determining transfer pricing are as follows.

Q: The purchase of good on credit require: O A. Amount of payment O B. Timing of payment O C. Credit…

A: Purchase of goods means when goods are bought or purchased from some other party. These goods can be…

Q: Choose one as the most important Cs of Credit and explain why?

A: In order to determine the creditworthiness of the borrower, a lender conducts a thorough analysis of…

Q: Who needs credit and collection management and why do they need ccm?

A: when the revenue cycle management for the credit and collection management is done by the healthcare…

Q: What are some things to be aware of that can lead to a higher than expected total when making a…

A: Many times when one go for shopping or purchases online, the total purchase amount gets higher than…

Q: credit risk analysis involves 2 type of approaches which is Art and science approach" 1. What is…

A: Credit analysis is the analysis of a business or organisation to determine whether they will be able…

Q: what is the advantage of recording discount lost in the discounts lost account

A: Discount loss refers to the expenses that occur due to not taking advantage of cash discounts. In…