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1. If most credit card companies charge business fees, why do...

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Accounting

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1. If most credit card companies charge business fees, why do businesses accept these types of payments? What would be the alternative types of payments if a business did not accept credit cards? Do you know of any businesses that only accept cash? 2. Research the fees charges by major credit cards. Also, research the fees charged by Square or other payment applications. Also, familiarize yourself with money transfer applications like Zelle or Venmo. Discuss your thoughts about these types of applications and the implications for businesses in the future. Do you think "cash is king" or will all money become electronic? 3. Bad Debts is a new topic this week. Why do you think that businesses still allow customers to use credit given that not all customers pay off their bills? 4. Receivables can also be used to analyze the financial health of a company. Research the Accounts Receivable Turnover ratio for TWO companies in the same industry. Report back the ratios for these companies. Analyze these ratios and tell us, based only on this information, what company is in a better financial position. is this what you expected, why or why not? Displaying 1 to 12 of 1

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