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FiCEP Module 3 Questions 100% Solved!!

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What does accounts receivable mean? - ANSWERMoney that is owed to a business What does accounts payable mean? - ANSWERMoney that a business owes to others What are considerations for cash flow when running a business? (7) - ANSWER(1) Accounts receivable (2) Accounts payable (3) Cyclical or seasonal income (4) Inventory management (5) Taxes (6) Insurance (7) Retirement benefits What are ways to establish good credit? (9) - ANSWER(1) Paying bills on time (2) Establishing regular savings (3) Maintaining accounts without overdrafts (4) Reviewing credit report to determine errors/unpaid debts (5) Setting up a repayment plan for unpaid debts (6) Proving ability to handle credit (i.e.

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Institution
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