Companies provide cash discounts to customers for early payments to speed up the collection period.

Name: Companies provide cash discounts to customers for early payments to speed up the collection period.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Companies offer cash discounts to encourage customers to pay their invoices earlier than the due date, which speeds up the collection period and improves cash flow for the company.

Companies Provide Cash Discounts to Customers for Early Payments to Speed