The faster goods are sold and collection is made, the longer the financing period.

Name: The faster goods are sold and collection is made, the longer the financing period.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

The statement is incorrect. The faster goods are sold and collection is made, the shorter the financing period. A shorter financing period means that the funds will be available to the seller for a shorter period of time before the sale is completed and the funds are received.

The Faster Goods Are Sold and Collection Is Made, the Longer