Blackwell Brothers sells men's suits. The store offers a 1 percent discount if payment is received within 10 days.

1.

Blackwell Brothers sells men's suits. The store offers a 1 percent discount if payment is received within 10 days. Otherwise, payment is due within 30 days. This credit offering is referred to as the:    A.  terms of sale. B.  credit analysis. C.  collection policy. D.  payables policy. E.  collection float. Refer to section 20.1

2.

Jillian was recently hired by a major retail store. Her job is to determine the probability that individual customers will fail to pay for their charge sales. Jillian's job best relates to which one of the following?    A.  terms of sale B.  credit analysis C.  collection policy D.  payables policy E.  customer service Refer to section 20.1

3.

Town Hardware sells goods on credit with payment due 30 days after purchase. If payment is not received by the 30th day, the store mails a friendly reminder to the customer. If payment is not received by the 45th day, the store calls the customer and requests payment and also stops offering credit to that customer. These procedures are referred to as the store's:    A.  customer service policy. B.  credit policy. C.  collection policy. D.  payables policy. E.  disbursements policy. Refer to section 20.1

4.	Phil's Print Shop grants its customers the right to pay for their print jobs within 30 days of the date of service. This 30-day period is referred to as the:    A.  payables period. B.  cash cycle. C.  transactions period. D.  credit period. E.  disbursement period. Refer to section 20.2