Which of the following is considered a carrying cost associated with granting credit?

Question

Quizplus · Accepted Answer

Carrying costs associated with granting credit include the costs involved in managing and administering the credit process. This encompasses the expenses related to assessing creditworthiness, maintaining accounts receivable, and collecting payments. Therefore, a firm's cost of managing credit is a direct carrying cost of granting credit.

Which of the Following Is Considered a Carrying Cost Associated