Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
Home Q & A Board Other Fields Homework Help Business
New Topic  
HIsPoCratiC HIsPoCratiC
wrote...
Go to Answer
Posts: 903
Rep: 1 0
6 years ago
Why is it necessary for a business firm to establish a credit policy?
A) A credit policy is necessary to determine which suppliers the firm needs to pay.
B) A credit policy is necessary to determine how dividends will be distributed to the shareholders.
C) A credit policy provides financial managers with expected dates of payment from buyers of the firm's products and services.
D) A credit policy is a means of accounting for the dollar value of inventory-in-process.
E) A credit policy is necessary to determine how much money the business can borrow to purchase supplies.
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
Read 92 times
1 Reply
Replies
Answer verified by a subject expert
RoBoCoP_96RoBoCoP_96
wrote...
#1
Top Poster
Posts: 748
Rep: 46 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

HIsPoCratiC Author
wrote...

6 years ago
Helped a lot
missnoname
wrote...

Yesterday
Good timing, thanks!
patyfeitosa
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  998 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 179
  
 460
  
 173
Your Opinion
What's your favorite funny biology word?
Votes: 336
Previous poll results: Should Ph.D.'s be addressed as doctors?