You are the new credit department manager of Crown Inc. You and your team have...

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Accounting

You are the new credit department manager of Crown Inc. You and your team have been asked to design a new credit assessment process for potential customers to present at the next meeting.

Present the components of your initial application, the minimum approval standards as well as a plan of action ifyour customers do not pay their outstanding balances. Address your new department and outline the details of the new credit and cash management policy. Include references.

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