Question: What would be the probable effect on a firm's cash position of the following events? 1. Rapidly rising sales 2. A delay in the payment
What would be the probable effect on a firm's cash position of the following events?
1. Rapidly rising sales
2. A delay in the payment of payables
3. A more liberal credit policy on sales (to the firm's customers)
4. Holding larger inventories
1. Rapidly rising sales
2. A delay in the payment of payables
3. A more liberal credit policy on sales (to the firm's customers)
4. Holding larger inventories
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