Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Formulation of Collection Policy ?
Formulation of Collection Policy:- The third characteristic of the receivable management is to formulate a collection policy. Collection policy is required for the reason that all the customers do not pay in time. Some customers pay subsequent to the due date and some do not pay at all. If collection is belated additional funds are needed during the period in-between to pay for wages, purchase etc. Delay in collection as well increases risk of bad-debts. Collection policy lays down the collection process followed to collect the amounts from the customers who don't pay within credit period allowed to them. Subsequent to the expiry of credit period the firm must initiate collection procedures to make collection from debtors. The efforts must be polite in the beginning however with the passage of time they should be made strict. The efforts more often than not made by the firm include:
(i) Reminder Letters
(ii) Telephone Calls
(iii)Personal Visits
(iv) Engaging collection agencies.
(v) Settlement at extended payment period.
(vi) Legal Action.
Restrictions on Investments: A mutual fund scheme shall not invest more than 15% of its NAV in debt instruments issued by a single issuer, which are rated not below investment
The financial institutions that originate the loans sell a pool of cashflow-producing assets to a specially created third party that is called a
Q. Calculation of WMCC? The calculation of WMCC requires several steps to be taken and is subject to the following assumptions: 1) The WMCC is calculated on the basis of market
Let us express the process of calculating approximate percentage price change for a given change in yield and a given duration using the following formula:
using the operating cycle and any other financial management knowledge,discuss the applicabilty of such cycle to poultry
It is an accounting term which refers to the balance sheet item that accounts for dividends that have been confirmed but not yet given to shareholders. Accrued dividends are taken
What are the pros and cons of commercial paper relative to bank loans for a company seeking short-term financing? Commercial paper is generally a cheaper source of short-term fin
What is meant by Leverage? What are its different types? With what type of risk is associated with each type of leverage. (Explain with illustration)
Question: You have been appointed as the head of the treasury of Platza International, an automobile firm with many subsidiaries abroad. The management of Platza International
A callable bond is similar to an Option-free bond with a call option from the bondholder. It can be thought of as the sale of a call option by the investor
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd