Efficient cash management requires firms to pay their bills as quickly as possible, and delay the collection of accounts receivable.

Name: Efficient cash management requires firms to pay their bills as quickly as possible, and delay the collection of accounts receivable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In order to increase cash flow, businesses attempt to collect credit sales from their customers as soon as possible, and delay payment of outstanding bills.

Efficient Cash Management Requires Firms to Pay Their Bills as Quickly