A firm is about to run out of cash. What can it do to mitigate the cash shortage? borrow money encourage customers to pay in
A firm is about to run out of cash. What can it do to mitigate the cash shortage?
borrow money
encourage customers to pay in cash (e.g., offer a discount for cash payment)
postpone payments to suppliers
postpone equipment purchases
buy new equipment
repay bank loans early to reduce debt
encourage customers to pay their bills early (e.g., offer a discount for early payment)
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Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
6th Edition
0324235011, 978-0324235012
