Asked by
Javia Gaskins
on Dec 20, 2024Verified
A firm's credit terms stipulate:
A) the maturity of trade credit (time when the net amount is due) .
B) the minimum acceptable credit rating of a credit applicant.
C) the extent of efforts to collect on overdue accounts.
D) a and b
E) All of the above
Credit Terms
The conditions, including payment deadlines and interest rates, that a seller extends to a buyer.
Trade Credit
Short-term financing provided by suppliers, allowing buyers to purchase goods or services on account without immediate cash payment.
- Discern the assorted tactics for managing accounts receivable and their influence on an enterprise's fiscal position.
Verified Answer
NH
Learning Objectives
- Discern the assorted tactics for managing accounts receivable and their influence on an enterprise's fiscal position.