Which of the following is NOT appropriate advice for managing your credit account?Group of answer choicesNever pay your balance in full.Always pay at least the minimum payment amount.Mail your payment at least 4-5 business days before the due date.Balance your checking account.

A good credit-management strategy can be demonstrated by:A.paying only the minimum monthly payment due on credit cards each month.B.applying for several credit cards from banks and stores.C.applying for a payday loan to finance an expensive vacation.D.paying the full balance on the statement by the due date each month.

“All accounts must be paid in full within 10 days of billing” is the example of business rule which can be best enforced by:Choose one answer. a. Creating a message to be printed on every bill that reminds the customer to pay within ten days b. Making the relationship between CUSTOMER and PAYMENT fully mandatory and 1:1 on both sides c. Creating additional programming code to identify and report accounts past due d. Making the payment attribute mandatory

What is one effective strategy for managing credit card debt?A.Paying only the minimum monthly payment on all credit cardsB.Replacing low-interest credit cards with high-interest optionsC.Ensuring that all of your credit card bills are paid on timeD.Spending your full credit limit before making a payment

When paying your credit card bill, which amount must be paid each month to avoid damaging your credit score? aMinimum payment bGrace period cNew balance dFinance charge

Managing accounts receivable involves five steps, of which the following occurs first: Group of answer choices accelerate cash receipts from receivables. establish a payment period. determine to whom to extend credit. monitor the collections.