Which of the following is not considered a "cost" of extending credit to customers?

Question

Mylie

Mathematics

31 October, 15:31

Which of the following is not considered a "cost" of extending credit to customers?

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Answers (1)

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Bruce Burke · Answer 1

The possibility of unpaid accounts is not considered a cost of extending credit to customers.

Step-by-step explanation:

There is always a chance that the customer will not be charged on credit for the goods and services that you provide. Though, if you exert the proper measures to review these credit records of the client, make an upfront payment, and keep on top of the unpaid invoices, this risk can be minimized. So that the possibility of unpaid accounts is not considered a cost of extending credit to customers.