Question
The chief drawback of not taking a cash discount for early payment of an invoice is - a. that it lengthens the Cash Cycle b.
The chief drawback of not taking a cash discount for early payment of an invoice is -
a. that it lengthens the Cash Cycle
b. that is shortens the Operating Cycle
c. that it makes short term financing more expensive
d. there are no drawbacks to not taking cash discounts
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Credit Derivatives Handbook Global Perspectives Innovations And Market Drivers
Authors: Greg Gregoriou, Paul Ali
1st Edition
0071549528, 978-0071549523
