If the firm decides to take the cash discount that is offered on goods purchased on credit, the firm should
A. pay as soon as possible.
B. pay on the last day of the credit period.
C. take the discount no matter when the firm actually pays.
D. pay on the last day of the discount period.
Answer:D
If the firm decides to take the cash discount that is offered on goods purchased on credit, the firm should
A. pay as soon as possible. B. pay on the last day of the credit period. C. take the discount no matter when the firm actually pays. D. pay on the last day of the discount period.