Which of the following is a payment option for the financial manager purchasing on credit

Question

Quizplus · Accepted Answer

Option A (pay on the day of purchase) is not an option for purchasing on credit. Option B (payment at the end of the cash discount period) is a possible option if the supplier offers a cash discount for early payment. Option C (pay after the end of the credit period) is the most common option for purchasing on credit, where the payment is due after a set number of days from the date of invoice. Therefore, the best choice is D - all of the above, as it includes the correct option (C) and the possible option (B).

Which of the Following Is a Payment Option for the Financial