Your suppliers provide you with credit terms of 21 days. Is it good business practice to pay

Fantastic news! We've Found the answer you've been seeking!

Question:

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

Related Book For answer-question

Ethics in Information Technology

ISBN: 978-1285197159

5th edition

Authors: George Reynolds

See More Books

Posted Date: Apr 06, 2024 09:19 AM

See More Questions

Using the information in the Job Sequencing Exercise, and the sequences assigned below, create two Gantt Charts by loading the work centers with the available jobs. Based on your schedules, show the...
Star Textiles is a cloth wholesale business in Mumbai, India, managed by Amir Chaudhary as sole proprietor. The company procures cloth from various suppliers who act as intermediaries between cloth...
Many computer hardware manufacturers rely on foreign companies to provide raw materials; build computer parts; and assemble hard drives, monitors, keyboards, and other components. While there are...
Consider the following limit order book for a stock.The last trade in the stock occurred at a price of $55. Buy Order Limit Sell Order Limit Precio share Precio share ps 54.75 500 ps 55.25 200 54.50...
The effective part of a 2.5 in. rain (total depth) lasts 4 hours on a 5-sq-mi watershed, producing the stream flows shown in the table below. Assuming a base flow that varies linearly from 20 cfs (at...
Complete this table of molecular compounds. Name Nitrogen triiodide Bromine trifluoride Hydroiodic acid Formula CdTe Sil HI (as a pure gas) S4N4
Reconciling a control account and a subsidiary ledger Hannas Homeware bought merchandise from three suppliers during September on credit, as shown in the Accounts Payable Control account on the next...
A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the tablebelow: et operating...
Handshake owns and manages a small manufacturing business in Narok town. The following balances have been extracted from his books of account at 31 December 2018: Dr Cr Sh. Sh. Capital 1,711,200...
The temperatures for 6 days are as follows; 61, 71, 79, 62, 60, 93. Calculate the average temperature: round to 1 decimal place
The sequence components $V_{0}, V_{1}$, and $V_{2}$ can be expressed in terms of phase components $V_{a}, V_{b}$, and $V_{c}$. $V_{0}=$ _______________; $V_{1}=$_______________ \(;...
In terms of sequence components of phase $a$ given by $V_{a 0}=V_{0}, V_{a 1}=V_{1}$, and $V_{a 2}=V_{2}$, give expressions for the phase voltages $V_{a}, V_{b}$, and $V_{c}$....
In symmetrical-component theory, express the complex-number operator $a=1 \angle 120^{\circ}$ in exponential and rectangular forms.
A research report7 found that users were worried about the lack of comparability among segment-al disclosures of different companies following the issue of IFRS 8. Discuss: (a) why it should have...
For a balanced- $\Delta$ load with per-phase impedance of $Z_{\Delta}$, the equivalent Y-load has an open neutral; for the corresponding uncoupled sequence networks, $Z_{0}=$____________...
What is Cuba's current policy on internet access? Read the case study U.S. Sets a Goal in Cuba: Open Internet and answer the question:
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
What is antisense RNA? How does it affect the translation of a complementary mRNA?
W hat is diauxic growth? Explain the roles of cAMP and CAP in this process.
List and describe three general ways that the functions of transcription factors can be modulated.

Your suppliers provide you with credit terms of 21 days. Is it good business practice to pay

Question:

Expert Answer:

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 ... View the full answer

Ethics in Information Technology

Students also viewed these finance questions