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HIsPoCratiC HIsPoCratiC
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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
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RoBoCoP_96RoBoCoP_96
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6 years ago
this is exactly what I needed
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You make an excellent tutor!
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Just got PERFECT on my quiz
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