Which of the following is not a reason for the Jones Hardware Store to accept credit cards from customers? Group of answer choices A)Jones can receive its money faster than if it directly extended credit to the customer by an account receivable. b)The credit card company offers a discount to Jones so that Jones will have more money available for operations. C)Jones will not have to be concerned with nonsufficient funds checks from customers. d)Jones will not have to have extra office workers to make phone calls to customers requesting collections on accounts. E)All these are reasons to accept credit cards.
Which of the following is not a reason for the Jones Hardware Store to accept credit cards from customers? Group of answer choices A)Jones can receive its money faster than if it directly extended credit to the customer by an account receivable. b)The credit card company offers a discount to Jones so that Jones will have more money available for operations. C)Jones will not have to be concerned with nonsufficient funds checks from customers. d)Jones will not have to have extra office workers to make phone calls to customers requesting collections on accounts. E)All these are reasons to accept credit cards.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which of the following is not a reason for the Jones Hardware Store to accept credit cards from customers?
Group of answer choices
A)Jones can receive its money faster than if it directly extended credit to the customer by an account receivable.
b)The credit card company offers a discount to Jones so that Jones will have more money available for operations.
C)Jones will not have to be concerned with nonsufficient funds checks from customers.
d)Jones will not have to have extra office workers to make phone calls to customers requesting collections on accounts.
E)All these are reasons to accept credit cards.
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