Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
|
What is the first srat |
1. Manage credit sales (accounts receivable) byputting in place accounts receivable policy and procedures:· By offering discounts to customers for early /on-time payment· Charge an interest on late payments· Offer credit only to customers who have proventrack record in paying their debt |
|
|
2 |
1. Factoring – selling of Accounts Receivable tofinance company for cash |
|
|
3 |
1. Working capital loan: line of credit / overdraft and amortisation |
|
|
4 |
1. Equity finance (capital from owners) – savingsand loan |
|
|
5 |
1. Inventory management – overstocking andunderstocking |
|
|
6 |
1. Cash control – protection against theft and fraud, train employees in correct handling of cash and stock, check and cross checks for discrepancy, in-house surveillance videos, security guards, electronic warning devices, using a safe to store the cash, banking your cash daily, preparing records and budgets, manage debts |
|
|
7 |
1. Inventory security – compare physical stocktake with computerised records, check invoice as stocks are delivered to the store / warehouse |
