Cash with Order (CWO) Definition
Cash with order, as the name suggests, refers to the transactions that involve the immediate payment of cash to the vendor at the time the customer places the order. As this transaction involves cash in advance approach, both parties involved are bound to complete the contract. This means that seller needs to ensure the timely delivery of goods at the right place, once the customer has made the payment. Also, the buyer needs to accept the product ordered as he or she has given the advance payment.
A little more on What is Cash with Order
Cash with order involves a specific type of risk. Once the customer has made the payment, it can be possible that the product that he or she receives is not at par, or as per his or her expectations, or doesn’t match with the one shown in sample. In such scenarios, buyers don’t get the right to receive a full refund for the inferior product.
This method tends to be one of the easiest methods to know. As there are no credit purchases involved, the order gets completed in a quick manner. Once the buyer places the order, the seller becomes all set to deliver the items, and the buying party doesn’t require to bother about the payment as it is done immediately.
Most of the times, buyers pay a portion of amount at the time of order placement rather than the full amount so as to cover the associated risks. This not only makes both parties liable for the agreement, but also covers the buyers’ risks of receiving inferior quality products.
References for Cash With Order (CWO)
Academic Research for Cash With Order (CWO)
Purchase and sale of goods, Locker, Y. (1994). In Business Skills (pp. 213-221). Palgrave, London. This paper analyzes the difference between business buying and personal transactions. The author investigates the documents related to the purchase and sale of the transaction and the available discounts for businesses. He explains the accurate procedure for the discount deduction and addition of VAT (Value-Added Tax). Then, he highlights the role of teams engaged in the production, purchase and sale of transaction. Finally, he elaborates how to use the computerized documentation and the advanced ways the businesses make payment for goods through.
Documents Used in Home Trade, Stott, J. R. (1973). In Basic Commerce for First Examinations (pp. 52-61). Palgrave, London. This research has been carried out to analyze the documents that are used in the home trade. The simplest and easiest way to grasp the documentary routines and paper records in common use is to follow the sequence and execution of a single order for buying goods.
Buying and Selling, Pitfield, R. R. (1982). In Mastering Commerce (pp. 133-147). Palgrave, London. In this paper, the author discusses the buying and selling activities, rules and use of paper proceedings. All businesses are involved in the purchase and sale of goods. Though including those that sell their services as well, in this article, the author only discusses the trading of goods.
An overview of the op trade from the book dealer’s perspective, Gordon, V. L. (1991). Library Acquisitions: Practice & Theory, 15(1), 53-62. Vesta Lee Gordon got her Bachelor’s degree from Hollins College of Virginia, the MS in LS from Florida State University and Masters in American history from the University of Virginia. All of them remarked as she really has not been across the MDL (Mason-Dixon Line). By these sentences, the purpose of the author is to convey how she faced the out-of-print issue from many sides. Being a library director of a community college, she experienced the issues that any librarian of the acquisition is facing today. As a particular collection, she had to encounter exclusively with out-of-print dealers and antiquarians. Now, she definitely finds herself on the opposite side of the desk coping with acquisition librarians.
The Purchase and Sale of Goods, Bailey, P. (1985). In Mastering Office Practice (pp. 140-160). Palgrave, London. To earn profits, many business organizations are there. For this, they either provide several goods and services, manufacture goods for selling or give advice on selling methods. Thorough records of transactions must be there to make sure that the business goes smoothly. The way of keeping such records is subject to the business size or the activity type it undertakes. In a small scale business, say a sole proprietorship, an office secretary has to maintain all the records whereas, in a large corporation, dozens of employees keep records spreading in different departments, e.g. buying, selling, advertising, accounting, etc. An individual working in a small business has to check the whole transaction while an individual in a large company has to check only a single document relating to his position.
Magazine distribution, sales and marketing, Stam, D. (2014). In Inside Magazine Publishing (pp. 183-211). Routledge. This magazine is a part of a textbook covering all the prospects of the modern magazine industry. The editors provide a comprehensive analysis of the main elements the business magazine has, going into the past and future projection. They explore what is the role of new and digital media platforms and their impact on all prospects of publishing. The whole book contains a large number of case studies, the industry professionals have written, giving examples for the readers of main problems in magazine publishing. A companion website also supports the ideas of this book and extra micro-essays practically apply theory as well.
International Trade Contracts, Lee, E. S. (2012). In Management of International Trade (pp. 37-57). Springer, Berlin, Heidelberg. This paper throws light on international trade contracts. The author elaborates how to write and format these contracts. He defines the related terminology, such as the invitations and enquiries of the contract, offer, quotation and legal application of the contract. Furthermore, the author describes the contractual function and significance of unqualified and unconditional communication of acceptance. He makes a comparison between the contract by conduct and the one by expressed acceptance. Finally, he examines the newly setup judicial trends following the mirror image rule related to the forms’ battle.
FACTORS AFFECTING FLORICULTURE EXPORT ACTIVITIES IN LAFTO ROSES, MELESE, T. (2010). (Doctoral dissertation, st. Mary’s University). This research has been carried out to explore the factors that affect the activities of floriculture export in the Lafto Roses. The author presents evidence and provides suggestions at the end.
The structure of prices between the futures and cash markets for 90-day Treasury bills, Lord, T. J. (1980). For future delivery, market participants can now purchase or sell treasury bills at prices determined in the current period. Treasury represents the financial instrument only which is deliverable on the contract. Understanding the relation of structural price between the cash and futures market has become vital for policy making and economic planning, such as futures prices of the IMM (International Monetary Market) give information on the interest rates prevailing in future and expected market price. If these expectations are unbiased and correct, then, the information value for using in making an estimate of the credit demand, deposit flows and other similar economic projections greatly increase.
Credit Management: How to improve Tamfelts internal credit management processes?, Heinola, H. (2010). This paper investigates how we can make internal credit management processes of Tamfelts better. This query has been further categorized into 4 major goals. The 1st is to discuss and examine the current process of credit management. The 2nd is to evaluate the financial and political risk associated with Tamfelt. The 3rd is the Tamfelt’s DSO (Day Sales Outstanding) and the savings which result in declining the DSO. The 4th goal is to provide valuable suggestions. The author conducts many interviews and goes through the detailed answer of the mentioned query in light of his knowledge and experience. He shows his determination to achieve these goals.