If One of Your Firm's Customers Is "Stretching" Its Accounts

question 52

True/False

If one of your firm's customers is "stretching" its accounts payable, this may be a nuisance but does not represent a real financial cost to your firm as long as the firm periodically pays off its entire balance.

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Definitions:

Payroll Costs

The total expenses incurred by an organization for employee wages, salaries, benefits, and taxes.

Family-friendly Benefit

Benefits offered by employers to help employees balance their work and family responsibilities, such as flexible working hours or childcare services.

Eldercare

Care provided to an elderly relative by an employee who remains actively at work.

Tuition Reimbursements

Programs where employers pay back employees for the costs of furthering their education, as related to their job.