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Express the equilibrium constant for the following reaction: P(g) + 3/2 Cl2(g) ⇌ PCl3(g)
Credit Policy
A credit policy is a set of guidelines that a company follows to determine credit limits, payment terms, and how to manage delinquent accounts for its customers.
Terms of Sale
The conditions under which a sale is made primarily with respect to payment. Terms include a date on which payment is due and often specify a prompt payment discount that may be taken if payment is made within a specified time.
Lock Box Systems
A service provided by banks to companies for the quick collection of payments from customers by directing those payments to a special post office box.
Float Management
The practice of managing the time difference between issuing and clearing checks to optimize the available cash flow.
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