A Bank Customer with a High Checking Account Balance and Few

question 9

True/False

A bank customer with a high checking account balance and few transactions is a high cost-to-serve customer.

---

Definitions:

Accounts Receivable Period

The typical duration for an enterprise to gather owed payments from its customers.

Sale Of Inventory

The process of selling the goods that a business has produced or bought to its customers.

Receipt Of Inventory

The process of acknowledging or taking in goods received, usually marking the physical arrival of stock in a business.

Collection Of Receivable

The process of managing and collecting payments owed to a company by its customers for products or services provided on credit.