Solved

The Fact That No Explicit Interest Is Paid on Accruals,and

Question 56

True/False

The fact that no explicit interest is paid on accruals,and that the firm can vary the level of these accounts,makes accruals an attractive and flexible source of funding to meet increased working capital needs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q51: Canada Corp.,needs $16,000 for one quarter to

Q52: When the accounts receivable turnover and payables

Q53: Nagel Corporation's budgeted monthly sales are $5,000,and

Q54: As a rule,managers should try to always

Q55: A firm has a serious cash shortage

Q57: The blanket inventory lien gives the lender

Q58: BC Corp.,needs $10,000 for one quarter to

Q59: The firm's total capital requirement grows over

Q60: You receive some goods on April 1

Q61: Which action would NOT be likely to