There are many reasons why some companies grow and prosper while others regress and fail. The greatest cause of financial failure may actually be attributable to which of the following factors: poor product planning a lack of financial knowledge a lack of funding sources insufficient equity If as stated, money has a time value, what would you suggest that a company do who wants to speed up the flow of payments from their accounts receivables? Assess higher penalties for late payments Offer less credit Shorten billing terms Offer trade credit with discounts. Boyd Engineering, a medium-sized company, wants to guarantee that it can obtain short-term funds to meet unexpected future cash needs. Which of the following strategies would best meet the financing needs of Boyd Engineering? Financial managers at Boyd Engineering should: arrange for a revolving credit agreement with their commercial bank. issue commercial paper as needed eliminate credit sales to improve their cash inflows and reduce the firm's investment in accounts receivable, request that the firm's board of directors approve an issue of additional shares of common stock Trade credit is not always available for many small firms who have a poor credit history. In these cases, the supplier may provide trade credit to these companies if they are willing to sign: Line of Credit Factoring Agreement Indenture Agreement Promissory Note Selling accounts receivable to obtain short-term funds is called: factoring trade credit OO pledging equity financing Sparkle Diamond Suppliers offers customers credit terms of 3/15 net 30. This gives their business clients: 3 percent discount if they pay in hifteen days 15 percent discount if they pay in three days 15 percent discount if they pay in thirty days. 3 percent discount if they pay in thirty days