4 10 points The lag between the purchase date and the date on which payment is due is known as the terms lag. The lag between the due date and the date on which the buyer actually pays is termed the due lag, and the lag between the purchase and actual payment dates is the pay lag. Thus, Pay lag Terms lag + Due lag How would the following events affect each of these lags? Terms Lag Due Lag Pay Lag The company imposes a service charge on le payers b. Arcussion causes customers to be short of cash. e The company changes its terms from 10 tot 20. Print Reference 4 10 points The lag between the purchase date and the date on which payment is due is known as the terms lag. The lag between the due date and the date on which the buyer actually pays is termed the due lag, and the lag between the purchase and actual payment dates is the pay lag. Thus, Pay lag Terms lag + Due lag How would the following events affect each of these lags? Terms Lag Due Lag Pay Lag The company imposes a service charge on le payers b. Arcussion causes customers to be short of cash. e The company changes its terms from 10 tot 20. Print Reference