You are the credit manager for a ladies apparel franchise. You have been given autonomy to decide the credit limits and the collection procedures to be used by your franchise. What would be the credit requirements you would require of your customers. ie, What would be the age requirement? How much income would they need to make? How long at their job? Do they need a job? Would they need collateral? If you chose the Allowance method, how would you determine your estimate of bad debt expense? Compare your comments with one other classmates.