Read the following article and then read the following scenario and answer the questions below in your own words:
“Controlling Credit: Effective Tips for Credit Control” https://www.completecontroller.com/controlling-credit-effective-tips-for-credit-control/
Paul Smith is opening a plumbing supply store in University City. He plans to sell plumbing parts and materials to both wholesale and retail customers. Because contractors (wholesale customers) prefer to charge parts and materials and pay at the end of the month, Paul expects he will have to offer charge accounts. He plans to offer charge sales to the wholesale customers only and to require retail customers to pay with either cash or credit cards. Paul wondered what expenses his business would incur relative to the charge sales and the credit cards.
1) Write a memo to Paul Smith outlining the potential cost of accepting charge customers. Discuss the difference between the allowance method for uncollectible accounts and the direct write-off method. Also discuss the cost of accepting credit cards.
2) Give Paul at least three tips which would help organize the credit control if he allows wholesale customers to buy plumbing supplies on account.
Contention Communities Boundaries Community boundaries can be made anyplace. A few contentions that we guarantee can be seen by looking at the networks we are utilizing to guarantee them. From the logical perspective, the conversation is talked about from the viewpoint of "crowd", "network", "field", or "space" in which it happens (McKerrow, p. Converse with the crowd and the network to clarify the progressing banter. McIlro has four significant networks. It is close to home, social, specialized, and reasoning (Argument Communities # 31 - 39). McKerrow uncovered that everybody can invest energy in just one of the networks one after another (Argument Communities # 29). This implies individuals can move from the network to the network with a similar contention. The start of Kivel's discussion occurred in a social network. Mr. Mckerrow says, "Social conversation ... attempting to change another network of various worth or utilization of old worth, attempting to make another open" (McKerrow # 35) So as to clarify the conversation of the network, it is important to characterize the network itself. "The ordinary guideline of network is to control disputable conduct, social practice is to conclude who can discuss what authority, and they themselves" it is the particular principle that commands the conduct of conversation It is characterized fair and square. In the football match-up, these guidelines intend to make enthusiasts of the network. As a fan, in the event that we need to be a piece of the network, we comprehend that we have to adhere to the standards. A portion of these guidelines may incorporate great sportsmanship. For instance, we may not consent to calls from authorities, yet we realize that we should act here and there to turn into a piece of the network. So we can rehearse conversation by talking about on the telephone, however one thing we need to stop>GET ANSWER