It is in the firm's best interest to pay its accounts payables as rapidly as possible.

Question

Quizplus · Accepted Answer

It is not always in the firm's best interest to pay its accounts payables as rapidly as possible. The firm may have other uses for its cash, such as investing in new opportunities or paying off higher interest debt. Additionally, paying accounts payable too quickly may hurt the firm's cash flow and ability to meet other financial obligations.

It Is in the Firm's Best Interest to Pay Its