The facts (1) that no explicit interest is paid on accruals and (2) that the firm can vary the level of these accounts at will makes them an attractive source of funding to meet working capital needs.

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The Answer of The facts (1) that no explicit interest is paid on accruals and (2) that the firm can vary the level of these accounts at will makes them an attractive source of funding to meet working capital needs.

The Facts (1) That No Explicit Interest Is Paid on Accruals