Delaying the payment of accounts payable in order to improve cash management is known as
A. ruining the firm’s credit rating.
B. stretching the payables.
C. reducing optimal cash requirements.
D. float.
Answer:B
Delaying the payment of accounts payable in order to improve cash management is known as
A. ruining the firm’s credit rating. B. stretching the payables. C. reducing optimal cash requirements. D. float.