Why is it necessary for a business firm to establish a credit policy?
A credit policy is necessary to determine how much money the business can borrow to purchase supplies.
A credit policy is necessary to determine how dividends will be distributed to the shareholders.
A credit policy is necessary to determine which suppliers the firm needs to pay.
A credit policy is a means of accounting for the dollar value of inventory-in-process.
A credit policy provides financial managers with expected dates of payment from buyers of the firm's products and services.

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The Answer of Why is it necessary for a business firm to establish a credit policy?
A credit policy is necessary to determine how much money the business can borrow to purchase supplies.
A credit policy is necessary to determine how dividends will be distributed to the shareholders.
A credit policy is necessary to determine which suppliers the firm needs to pay.
A credit policy is a means of accounting for the dollar value of inventory-in-process.
A credit policy provides financial managers with expected dates of payment from buyers of the firm's products and services.

Why Is It Necessary for a Business Firm to Establish