Which of the following is an effective way to trim overhead?
A)Leasing inventory
B)Accelerating accounts receivable
C)Establishing lockboxes or zero balance accounts
D)Negotiating fixed loan payments to coincide with company cash flow

Question

Quizplus · Accepted Answer

Negotiating fixed loan payments to coincide with company cash flow is an effective way to trim overhead as it helps businesses to control their expenses and align payment schedules with their cash flow. This can help to reduce the strain on their finances and avoid unnecessary interest charges, which can increase their overall costs. Leasing inventory, accelerating accounts receivable, and establishing lockboxes or zero balance accounts may also help businesses to manage their expenses, but they may not necessarily be effective ways to trim overhead in all situations.

Which of the Following Is an Effective Way to Trim