Multiple Choice
Which of the following is NOT a reason why a firm may typically choose not to stretch its accounts payable?
A) Delaying payment can increase the effective cost of credit in some circumstances.
B) The supplier may demand COD or CBD in the future.
C) The supplier may choose to discontinue business with delinquent customers.
D) The firm's credit rating may be damaged.
Correct Answer:
Verified
Correct Answer:
Verified
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