Question: A company is developing objectives for paying bills on account. Some possible objectives follow: Stretch cash flow as much as possible. Develop a

A company is developing objectives for paying bills on account. Some possible objectives follow:
• Stretch cash flow as much as possible.
• Develop a good reputation as a company that always pays bills on time.
• Do not pay vendors until payment is received from our customers.
In a group, discuss which payment terms best fit each objective. Additionally, discuss how each objective might impact the company.

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