Accounts receivable insurance will not pay:

a. Customer's unpaid balances made uncollectible by the insured's loss of account records.
b. The cost of reconstructing the insured's lost or damaged account records.
c. Amounts owned to the insured but left uncollected because of billing errors.
d. Excess collection costs due to the destruction of account records.

Ans: c. Amounts owned to the insured but left uncollected because of billing errors.

Business

You might also like to view...

What are the possible ways that the bank can meet an expected net deposit drain of +4 percent using purchased liquidity management techniques?

A. Utilize further the Fed funds market. B. Utilize repurchase agreements. C. Liquidate all cash holdings. D. All of the above. E. Answers A and B only.

Business

Which publication would most likely provide a salesperson with detailed information on the citizens of a specific community?

A) Middle Market Directory B) Thomas Register of American Manufacturers C) Polk City Directory D) Standard and Poor's Corporation Records Service E) Encyclopedia of Associations

Business