COURSE

BUS 1102 – Basic Accounting

For this discussion, the focus will be on accounts receivable. Imagine you are the owner of any business of your choice. For your initial post explain the following:

• What is the business that you have chosen? Why did you choose this type of business?
• What products or services will your firm sell?
• Would you extend trade credit to your customers? (Do not discuss credit card payments, but rather, direct credit to your customers.) Why or why not?
• How will this decision affect your sales and profits?
• If you choose to extend credit, how would you ensure that your firm is paid by its customers?
• How would you account for customers who fail to pay their debt to your business?

SOLUTION 

Hello Class,

I’ve decided to start a company dealing in auto parts and accessories. An automobile requires frequent servicing if its owner wants to maximize its useful life span. Most of the components people buy are crucial to the operation of their cars and cannot be delayed until replacement orders from abroad, which is why this field appeal to people. Most automobile owners will go to reputable auto parts stores to get imported components since they can only afford to leave their vehicles in storage for a short time. The ability to quickly assist travelers whose cars break down in my area was another factor in my career choice…..please click the icon below to purchase the solution at $5