Which statement concerning trade credit is not true?
A) A discount of 1% offered for prompt payment of amounts owning to creditors is hardly worth taking.
B) Trade credit is an important source of finance for most businesses.
C) Trade credit is generally regarded as a 'free' source of finance.
D) Credit can be a more convenient method of paying for goods than cash.
Correct Answer:
Verified
Q56: Which of these is not a way
Q57: Extending the credit period granted, with all
Q58: An increase in the effort put into
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Q61: If accounts payable are paid 10 times
Q62: Which statement concerning trade credit is true?
A)One
Q64: Total purchases are $150,000 and credit purchases
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Q66: Violet Pty Ltd usually takes 50 days
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