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Unformatted text preview: in cash collection is to reduce the lag between time customer pays and the time checks clear. The objective of cash disbursement is to slow down payments, increase time when checks are written, and received; in other words collect early, pay late. 7. Average collection period, Ratio of bad debts to credit sales, aging of accounts receivable 8. The five key elements a borrower should have to obtain credit : character, capacity , capital collateral , conditions. 3. A. $3,500,000 B. $315,000 C. No 4. A. $61,600 B.$74,280 5. 42 Days 6. $108,000 7. 35 Days, Less Lenient 8. $72,000 10. A. 300 B. 40 times a year C. 150...
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