Multiple Choice
Which of the following statements is FALSE?
A) The lower the discount percentage offered,the greater the cost of forgoing the discount and using trade credit.
B) A firm should choose to borrow using accounts payable only if trade credit is the cheapest source of funding.
C) A firm should always pay on the latest day allowed.
D) A firm should strive to keep its money working for it as long as possible without developing a bad relationship with its suppliers or engaging in unethical practices.
Correct Answer:
Verified
Correct Answer:
Verified
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