To see how rich you are

All of these options

To see if you can afford the payments on your credit agreement

So they can access your bank account

Having to pay for a debt collection service to collect bad debts

Bad debt – where customers don’t pay their accounts

All of these options

The business’s cashflow may be negatively affected

The shop

FNB

All of these options

Mastercard

Liability

Income

Asset

Expense

All of these options

Not having to save up for something

Being able to buy goods in an emergency

Extra costs, such as interest and administrative fees, are included

Increased sales

Customers are more loyal

All of these options

Less chance of the business being robbed

Can get into a bad debt situation

Goods are more expensive bought on credit

It is easier to shop without the need for carrying cash

All of these options