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You need to let a valued customer know that the product he special-ordered won't be ready by tomorrow, as originally promised. In addition to relaying this news, you want to inform him of his options: to keep his original order open to be received at a later date, or to cancel it and receive a substitute item immediately. You consider calling him but then wonder whether email might not be preferable. Which of the following is NOT a potential downside to using the telephone?
Finished Goods Inventory
The total value of all completed products that have not yet been sold by the company.
Direct Labor
The cost of wages for employees who are directly involved in the production of goods or the provision of services.
Cash Collections
The process of receiving and processing payments from customers or debtors.
Cash Disbursements
Financial outflows or payments made by a business, often recorded in a ledger for accounting purposes.
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