Charging Interest on Past Due Customer Accounts Reflects That

question 24

Multiple Choice

Charging interest on past due customer accounts reflects that:

• A)credit sales cost more to manage than they are worth.
• B)credit customers receive preferential treatment.
• C)money has a time value.
• D)government regulations protect customers who are late in making payments.

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Definitions:

Text Box

A control element in graphical user interfaces where users can input or display text.

Freeze

A feature that enables users to fix certain rows or columns in place so that they remain visible while scrolling through a spreadsheet or database.

Datasheet

A view or presentation of data in rows and columns, resembling a spreadsheet, often used in databases and data analysis software.

Input Mask

A method used in data entry fields to ensure the format of the input matches a specified pattern.