0
What else can I help you with?
I have a random sample of 60 customers balance in a bank. How do i get the balance of a typical customer is it using the mean formula?
Add the balances and divide by 60.
What is the appropriate classification of customers accounts with credit balances in a balance sheet?
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
What is the penalty for stopping a T-Mobile contract early?
Like most cell phone providers, T-Mobile charges an early termination fee if you leave your contract early. Except for month-to-month customers, the early termination fee is:$200 for customers with more than 180 days remaining in contract$100 for customers with 91 to 180 days remaining in contract$50 for customers with 31 to 91 days remaining in contractLess than $50 if cancellation occurs in the last 30 days of contract
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Should the company continue to service the equipment that it sells or ask the customers to use independent repair?
The company should continue to service the equipment it sells to maintain customer loyalty and ensure high-quality repairs that align with its standards. Providing in-house servicing can enhance brand reputation and foster long-term relationships with customers. However, offering independent repair options as an alternative could be beneficial for customers seeking flexibility and cost savings. Ultimately, a hybrid approach may best balance customer satisfaction and operational efficiency.
How does an organisation balance its needs with customer expectations and needs?
An organization can balance customer expectations and needs by offering customers a product that is affordable and something they need. They can also offer new products from time to time, as well as special offers.
Where does the sum of customers' unpaid balances that is compared to the general ledger balance comes from?
The sum of customers unpaid balance or balance of account receivables in the General Ledger usually comes from a subsidiary ledger which contains an individual account receivable for each customer, the total of these accounts are summed and placed in one single account in the "general ledger".
What is an amount collectible from a customer?
The amount collectble is the past due or total balance due, plus costs, interest, and fees permitted by the contract or agreement.
Explain special relationship between banker and customer?
Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.
Did bank provide zero balance savings account?
Yes, Banks provide zero balance savings accounts to customers. But this feature is not available to everyone. It is only available to special category of customers like:Salary Account holdersSenior CitizensChildrenEtc.The bank may choose to offer zero balance account facilities to any customer under their sole discretion.
If your customer breaks a written contract how can you have it reflected on their credit if they do not pay the balance of the contract?
Is your business one that already reports to the bureaus? If so, then report the customer as owing the balance. If not, you have three choices: Either report the debt, (there is a charge for signing up as a reporting member to the bureaus and for reporting a debt), or you can sell the debt to a collection agency (for 40-60% of the amount owed), or you can take your customer to court in a civil or small claims action. If you win the case, there will probably be a judgment issued against your customer. Be sure to have the judgment recorded in public records. It will get picked up there by the credit bureaus and placed on the customer's credit report.
What is the difference between overdraft and overdrawn?
Overdraft is a feature provided by many banks to its best customers wherein, the customer can withdraw money from their accounts even if there is not sufficient balance in their account. The overdraft limit is set by the banks based on the customers history with the bank and his earning potential. An account is said to be overdrawn if the customer has withdrawn more money that what he has in the account.
