A major benefit to firms that rely on accounts payable as a source of short-term financing is that it can defer payment of goods and services received. A potential cost is that the firm might be foregoing discounts for early repayment

Indicate whether the statement is true or false


TRUE

Business

You might also like to view...

The amounts in the general columns of the combination journal should be posted

a. daily. b. weekly. c. at the end of the accounting period. d. whenever there is time.

Business

What are the three major categories of message evaluations?

What will be an ideal response?

Business

European Union law within its scope of applicability is superior to the laws of the member states

Indicate whether the statement is true or false

Business

Alexandra is building her personal network as she prepares for her job search. Which of these should she do first?

A) Follow up on her referrals B) Develop a contact list C) Make contacts in person and online D) Send her résumé in response to all open positions she sees

Business