Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your suppliers provide you with credit terms of 21 days. Is it good business practice to pay within 7 days? Why or why not?

Your suppliers provide you with credit terms of 21 days. Is it good business practice to pay within 7 days? Why or why not?

Step by Step Solution

3.39 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Paying suppliers within 7 days even if the credit terms allow for 21 days can be considered good business practice for several reasons 1 Building Good ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethics in Information Technology

Authors: George Reynolds

5th edition

1285197151, 9781305142992 , 978-1285197159

More Books

Students also viewed these Finance questions

Question

How did the authors address the fallacy of homogeneity?

Answered: 1 week ago

Question

What have you learned about sleep that you could apply to yourself?

Answered: 1 week ago