The effectiveness of Rangs Motors Limited’s credit policy and its impact on profitability

Abstract

I introduce myself, my company, RANGS Motors Limited, and my supervisor, Ms. Yeasmin Akter, in Chapter 1. I worked immediately under her, a manager's assistant. Then there was my contribution to the company as an intern. Day-to-day tasks, as well as credit and collection policies, were all taught to me. I've learned how to terminate a customer's credit policy. RANGS Motors Limited had little influence over my problems, however Covid had a huge impact on our life and my internship. I advised that RANGS Motors Limited recruit more interns and additional students solely to teach them appropriate ethics and work environments. Following that, I go into great length about RANGS Motors Limited as a company and how they operate. The mission's vision and objectives. The company's overview, governing body, board of directors, and founder are all discussed. We talk about their marketing plans, and I talk about their financial performance. In a table and graph format, I showed their liquidity ratio, profitability ratio, and solvency ratio, followed by a summary and conclusion. Finally, I talk about the most challenging task I've ever had to complete. RANGS Motors Limited's 4000 credit file closing project, credit policy during selling, and credit collecting methods were all covered here. And I didn't give them any guidance since, while the procedure was simpler on our end, getting data from the Accounts & Finance Department's overworked personnel was more challenging.