October 1, 2002 To Customer List Customer Address Line 2 Customer Address Line 3 Customer Address Line 4 Dear [Customer Name]: Will You Join Me In Protecting Our Community? I am sending this to you as a fellow member of the Rolling Acres community. I'm sure that you value living in a quiet and peaceful neighborhood, just like I do. You know, sometimes in order to keep one's community "quiet and peaceful" one has to take action. That's what this letter is all about - taking action - community action. By now, via media reports and word of mouth you must be aware of the significant increase in house break-ins in this neighborhood over the past couple of years. In fact, the break-in rate has more than doubled over the past three years. According to the police this is just a sign of the times changing as the economic downturn continues and local businesses and factories continue to close their doors for good. As you may know, a local Community Action Committee has been meeting over the past four months to try and find ways to reduce the break-in rate in Rolling Acres. Last week they released their recommendations on how to best combat the problem. Their primary recommendation calls for increased police and security patrols to supplement the local Neighborhood Watch program. They estimate that the extra cost to double nighttime (after dark) security patrols by Security Inc. will be in the range of $14,000 to $19,000 per year. Unfortunately, this amount is not included in this year's municipal budget allocation and there are no additional funds available to us. Therefore, as a concerned member of this community I have decided that my business will take the lead in assisting with this year's security control budget. Accordingly, Bubbas's Hardare will donate $1 for every $2 raised in the community to cover the additional security costs. I urge you to join me today in supporting this worthy cause for the common good of our community.
12/16/2019 0 Comments
Credit control and charity research - Essay Example
The supplier`s background is unknown to RTE and so there is huge risk involved in making the payment early. What if payment is not done, supplier waives off from his liability, the goods promised are not provided? The above questions are examples of financial risk that the company features.
To reduce financial risk RTE can do a credit check on the customerâ€™s financial history. To verify credit worthiness these are checks on the customers financial position (Gruening, 2000). To see whether a party is capable enough of making the loan payments, these checks are carried prior to accepting loan requests. Credit Bureaus run these credit checks and to verify financial data, various financial institutions are contacted. The company`s credit score is then a measure of the companyâ€™s credit worthiness â€“ and therefore a low credit score means high financial risk.
To reduce their financial risk RTE can make use of references that are provided to them by customers. The mechanism is simple. A list of references is exchanged at or before the contract .Reference is one who confirms that the details provided by a particular person are legal or not. Verifying the details by all references prior to making the payment can actually minimize Regeneration Through Charity Limited`s exposure to financial risk. By this they will not expose themselves by paying anything that should not be paid. A true picture of the supplier can be obtained as the references are often people and companies with good reputation (Weiss, 2000).
Other option on hand to the company to reduce financial risk is negotiating. In the current case the supplier asks for fifty percent initial payment. New terms can be set between RTE and supplier which are beneficial to RTE. There is an option that the supplier might agree to lower the initial amount of payment to be made if the overall contract price is increased by a little margin.
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