Question: A company needs to develop an objective for paying bills. Do they want to stretch their cash flow as far as they can? Do they

A company needs to develop an objective for paying bills. Do they want to stretch their cash flow as far as they can? Do they want to have a good reputation of always paying bills on time? Do they want to be sure to get paid by their customers before they pay their vendors? Discuss what would be the best payment terms to use for each objective and its impact on the company?

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