Sales on Credit Research Paper Example | Topics and Well Written Essays - 1250 words

Sales on Credit - Research Paper Example More than that, the firms allow sales of large volume of goods on credit to ensure a larger increase in its applicability to customers. As a result, companies focus on more credit sales to improve sales, ensure attainment of success with the intense competition among business firms while offering the customers with flexible terms of payment that suit them. Considerably sales on credit involve increased allocation for general-purpose credit cards, accounts receivable, notes payable and bad debts entries in the books of accounts. General Preview of Sales on Credit Even though, the option of selling goods to customers for cash remains viable companies have to allow room for sales on credit. More significantly, credit trade acts as an important factor in both, the sales and procurement operations and the corporate asset-liability management as it ensures success in meeting the targeted market of customers. With more risks associated with sales of goods on credit, a company incurs more co st account receivable as the anticipated payment accrue while the likelihood of bad debt occurrence depends on the credit ability of the customers (Warren, Reeve & Duchac 361). In most cases, companies carry out credit analysis of the respective clients who wish to be issued goods and services on credit as a way of being assured that the amount of money owed would be paid. As a result, the company seeks information about the history of the firm’s or individual borrowing through the different relationships with sources of finance to ascertain the liquidity and capability level of the recipient to service the debt (Warren, Reeve & Duchac 362). It is therefore, essential to understand the customer’s profile on whether or not the company will suffer any likely loss from the provision of trade credit. Forms of Sales on Credit Accounts Receivable More significantly, the accounts receivable in a company gives the value of money owed after offering sales for merchandise or ser vices to customers in an open account. Therefore, the value of accounts receivable show the expected payment to be collected for providing a customer with a good or service on credit within the specified terms. Above all, the terms and conditions that govern the credit sale are clearly integrated in the seller’s invoice issued to the buyer (Warren, Reeve & Duchac 361). With the invoice issued only by the seller as evidence of the credit sale, there is no other written evidence of debt executed in the credit contract of the seller and buyer. However, there is always a need for receivables management in organizations that issue credit sales. More importantly, the credit sale involves an element of risk because there is no certainty based on the payment for the goods and services within the stipulated period calling for careful analysis of the risk involved before issuing credit. Accounts receivables is based on economic value as the buyers utilize their economic value of the go ods and services immediately, whereas the seller gets an economic value later when payments are made(Warren, Reeve & Duchac 361). Finally, accounts receivables are accompanied by an element of futurity as the buyer make payment at a future period. As a credit sale, it involves pledging of payments later on accounts receivable financing companies can use it as a security for financing a loan. This is because, the pledging of accounts recei

Racin way Essay Example | Topics and Well Written Essays - 750 words

Racin way - Essay Example 2. Is the deputy in compliance with the use-of-force policy? Defend your answer. The answer to whether the deputy is in overall compliance with the use of force policy is highly nuanced and cannot be answered with a simple yes or no. Firstly, due to the aggravating circumstances and inappropriate actions that the deputy took as a means to exacerbate the situation, the use-of force policy is further complicated with the fact that no mention of when to use the taser was referenced (Johnson 2011). Rather, the deputy has clearly abrogated the rules by using a less-than lethal device for which he was not specifically trained. However, ignoring the other wrong doings, it would appear that imminent officer harm was something that the deputy was faced with. As such, discharging his side arm as a means of firing warning shots at the ground was justified. However, due to the extenuating circumstances and the clear ignorance or disregard the deputy showed for the other use-of force policies gre atly jeopardizes the sheriff department’s case in this matter. 3. Should the lieutenant end Ripley’s pursuit? Explain. ... Due to this fact alone, a clear felony has been committed. As such, according to the departmental policies that have been enumerated upon, the deputy and the lieutenant as well as the department are justified in seeking to pursue the criminal. 4. Should the deputy have fired warning shots under these circumstances? Why or why not? With regards to whether or not the deputy should have fired shots, the answer is a resounding yes. Due to the fact that the deputies life was in danger he was well within his rights to fire shots and alert the suspect that the actions that he/she were taking were putting him/her in danger of their life and in clear violation of the law. 5. Assume that the people who were in the parked vehicle lodge a complaint because of Ripley’s actions with the dog, the warning shot, and the Taser; what kinds of policies and procedures normally cover Ripley’s actions? Would your Internal Affairs Unit find that the deputy was at fault with any of them? Which of the deputy’s actions do you as sheriff feel should result in disciplinary action against Ripley? Why or why not? The unfortunate fact of the matter is that even if the suspect/suspects are proven guilty of seeking to evade arrest, charging the officer/attempted vehicular manslaughter, they would still be able to lodge a valid complaint to the Internal Affiars Unit and find the deputy at fault for not following a litany of procedures involving use of an unauthorized dog while on patrol, over-aggressive tactics, and the unauthorized use of a taser. In this manner, the use of the unauthorized police dog and the unauthorized and untrained use of a taser should be disciplined by the department as clear abrogation of the training procedure and rules of conduct that bind every officer