Owen was surprised when he calculated the percentage annual interest rate on his accounts payable.He discovered that failure to take advantage of the discount offered by suppliers
A) makes small difference since a business does not pay a high interest rate.
B) makes a large difference since a business pays a high interest rate.
C) has no effect on cash flow since the interest rates are so low.
D) will have erratic effects on rates for the use of a supplier's money.
Correct Answer:
Verified
Q68: Assuming that cash is available, payment for
Q68: Long-term investments are the focus of
A)cash budgeting.
B)capital
Q69: Accounts receivable financing might include
A)using a bank,lender,or
Q71: Lucinda has decided to use a _
Q72: Madeleine would like to know how long
Q74: Which statement is true concerning inventory management
Q75: The number of days,on average,that a firm
Q76: The terms 2/10,net 45 offer
A)a 2 percent
Q77: Nicholas wouild like to improve the management
Q78: Margaret has just sold merchandise to a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents