Danny's Distributing,Inc.has completed an analysis of check-clearing times of five key suppliers.On a weekly basis,the firm has a $50,000 check disbursed to each of these suppliers,totaling $250,000.In examining the check-clearing times of each supplier,the firm revealed: Given this information,what recommendation would you give the firm with respect to paying its suppliers weekly? Explain.

Question

Danny's Distributing,Inc.has completed an analysis of check-clearing times of five key suppliers.On a weekly basis,the firm has a $50,000 check disbursed to each of these suppliers,totaling $250,000.In examining the check-clearing times of each supplier,the firm revealed:  Given this information,what recommendation would you give the firm with respect to paying its suppliers weekly? Explain.

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The Answer of Danny's Distributing,Inc.has completed an analysis of check-clearing times of five key suppliers.On a weekly basis,the firm has a $50,000 check disbursed to each of these suppliers,totaling $250,000.In examining the check-clearing times of each supplier,the firm revealed:  Given this information,what recommendation would you give the firm with respect to paying its suppliers weekly? Explain.