Analysis Of Credit Information
Analysis Of Credit Information 1. The Financial Statement; Merchandise On Hand. —when All Available Credit Information Has Been Col Lected, The Most Important Part Of The Credit Depart Ment's Work Still Remains To Be Done, Namely, To An Alyze This Information In Order To Reach An Intelli Gent Conclusion. We ...
Bankruptcy 1
Bankruptcy 1. Meaning Of Bankruptcy.—in Ancient Rome, When A Money-changer Became Insolvent, He Was Put Out Of Business By His Associates Who Broke The Bench Upon Which He Kept His Stacks Of Coin. Some People Believe That This Rupture Of The Bench Or Bank Is The Explanation Of The Derivation ...
Cooperative Methods In Credit
Cooperative Methods In Credit Investigation 1. Credit Cooperative Methods.—within Recent Years, Many Wholesalers Came To Feel That Despite The Excellence Of The Service Usually Rendered By The Large Mercantile Agencies With Their Extensive Organiza Tions And With The Ramifications Of Their Investigating System There Was A Certain Element Lacking, Namely ...
Credit Management Of Retail
Credit Management Of Retail Stores 1. E Ffect Of Credit In Retail Selling.—altho Credit Sales In The Retail Business Do Not Usually Constitute So Large A Percentage Of The Total Volume Of Sales As They Do In The Wholesale And The Manufacturing Business, They Are Nevertheless Sufficiently Numerous To Demand ...
Credit Office Routine 1
Credit Office Routine 1. Essentials Of A Credit System.—the Selection Of A Definite System For Handling The Work Of The Credit Department Is Largely A Matter Of Individual Prefer . Ence, Altho In Every Case Certain Fundamental Con Siderations Must Be Given Due Recognition. Thus, The Character Of The Business ...
Credit Practice In Representative
Credit Practice In Representative Lines -of Business 1. General Observations.—one Of The First Things That Impresses The Student Of Credit Management Is The Dissimilarity Between The Credit Terms In Various Lines Of Business. In One Line We Find Terms Of Thirty Days, In Another Twelve To Eighteen Months And In ...
Credit Protection 1
Credit Protection 1. Efforts To Secure Protection.—it May Be Said Of All Credit Information, Both That Which Is Furnished By The Mercantile Agencies And That Which Is Obtained From Other Sources, That Its Chief Purpose Is To Afford Protection Against Losses From Misplaced Credits. As A Means Of Protection, Information ...
Credit A Business Builder
Credit A Business Builder 1. Increasing The Working Power Of Capital.—we Have Already Noted That Credit, By Reason Of Its Suit Ability As A Medium Of Exchange, Makes It Possible For Commercial Transactions To Be Carried On With Much Greater Ease And Freedom Than When Settle Ments Are Required In ...
Division Of Credits 1
Division Of Credits 1. Varieties Of Business Credit.—it Was Shown In The First Chapter That Barter, Money And Credit Repre Sent Three Stages In Commercial Development, Differ Ing Primarily In The Degree Of Confidence In Business Relations Which Each Implies. Such Confidence Is Most Marked In The Credit Economy Stage, ...
Factors That Determine Credit
Factors That Determine Credit Title 1. Ability And Willingness To. Pay.—every Credit Transaction Embodies Two Characteristic Features : One Is That Such Transaction Involves The Future; The Other, That It Constitutes An Implied Contract. Hence, In Endeavoring To Determine An Applicant's Title To Credit Favors, The Credit-giver Must Take Into ...
Mercantile Agencies 1
Mercantile Agencies 1. Mercantile Agency Service.—the Two Large Credit Institutions Known As Dun's And Bradstreet's Mercan Tile Agencies Are The Outgrowth Of The Conditions That Govern Credit-giving In This Country. Few Realize The Size And Scope Of The Machinery That Is Operated By These Agencies In Their Work Of Gathering ...
Nature And Functions Of
Nature And Functions Of Credit 1. The Magic Of Credit.—that Credit Is A Force In Modern Business Requires But Little Proof In View Of Its Extensive Use By Merchants And Manufacturers The World Over. That, As A Matter Of Fact, It Is An Indis Pensable Element In Present-day Commerce, Will ...
Retailers Collection Methods 1
Retailers' Collection Methods 1. General Principles.—while The Collection Of Ac Counts Past Due Involves The Same Principles In Retail And Wholesale Establishments, There Are, Nevertheless, Some Important Differences In The Methods Employed In Effecting The Collections. The Basic Collection Principles Are, Of Course, The Same. These Arc, As We Have ...
Sources Of Credit Information
Sources Of Credit Information 1. Importance Of Complete Information.—if The Credit-giver Were Always In Possession Of All The Facts That Bear Upon The Credit-seeker's Condition, He Would Make Few Errors In Estimating The Latter's Credit Title. It Is Because The Information At Hand Is Often Incom Plete And At Times ...
The Collection Department 1
The Collection Department 1. General Collection Principles In A Wholesale House.—every Credit Transaction, As We Have Seen, Is In The Nature Of A Contract, By The Terms Of Which The Seller Surrenders Title To Merchandise Or Other Val Uable Commodities In •return For A Promise Of Pay Ment To Be ...
The Credit Man 1
The Credit Man 1. Credit Man's Place In The Scheme Of Business.— The Existence Of The Credit Man As A Distinct Function Ary In Business Is A Result Of The Development Of That System Of Credit-giving Which In This Country Has Grown Up In Connection With The Sale Of Goods ...
The Reciprocal Value Of
The Reciprocal Value Of A Signed Statement Good Credit In The Markets Of The World Enables Every Merchant To Add To His Ability To Do Business. It Gives Him The Use Of Enlarged Capital, Thus Enabling Him To Carry A More Complete Stock, Increase His Sales, And Magnify His Profits. ...
Why Merchants Fail 1
Why Merchants Fail 1. General Causes Of Failure.—inasmuch As The Modern Credit Man Is Interested Not Merely In Refusing Credit To Weak And Failing Dealers, So As To Save His House From Losses Arising From Unpaid Accounts, But Also, As Described In The Preceding Chapter, In Helping The Inexperienced Dealer ...