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Fabulous Finds, a Large Home Decorating Company with Stores Located

Question 7

Multiple Choice

Fabulous Finds, a large home decorating company with stores located nationwide, wants to collect cash from its customers quickly but pay out cash to its suppliers slowly. How might Fabulous Finds succeed in accomplishing this goal?


A) use electronic funds transfers to collect payments and checks to make payments
B) use checks to collect payments and electronic funds transfers to make payments
C) have customers send payments directly to its mailing address and send payments to suppliers via their lockboxes
D) use electronic funds transfers for both, but set the delivery dates to one day for payments from customers and three or four days for payments to suppliers
E) use checks for both, but require customers to send checks via express mail and send checks to suppliers via regular mail

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