If a firm decides to take the cash discount that is offered on goods purchased on credit, the firm should ________

A) pay as soon as possible
B) pay on the last day of the credit period
C) not take the discount no matter when the firm actually pays
D) pay on or before the last day of the discount period


D

Business

You might also like to view...

Which of the following refers to a person who is highly devoted to the action plan and can lead its successful implementation?

A) an entrepreneur B) a champion C) an intrapreneur D) a scapegoat E) an in-process manager

Business

______ error occurs when the evaluator forms a generally positive impression of an individual and then artificially extends that general impression to many of that individual’s categories of performance.

A. Recency B. Severity or strictness C. Halo D. Central tendency

Business

ERP stands for ______.

a. enterprise resource planning b. emergency research planning c. enterprise resource and production d. emergency resource planning

Business

A provision in an LLC's operating agreement that provides for the continuation of the LLC upon the withdrawal of a member or other specified event is called a(n) ________.

A. continuation agreement B. survivorship clause C. anti-dissipation agreement D. contingency proviso

Business