To Maintain a Good Credit Rating and to Optimize Cash

question 34

Multiple Choice

To maintain a good credit rating and to optimize cash management, cash disbursements should arrive at the vendor's place of business

• A) as soon as possible
• B) on the due date
• C) on the discount date
• D) by the end of the month

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Definitions:

Redcoats

A historical term for British soldiers, derived from the distinctive red uniforms worn by the army during the 17th to 19th centuries.

Fort Ticonderoga

A historic fort in New York that played a significant role in the American Revolutionary War after being captured by American forces in 1775.

Territorial Rights

Legal and political rights concerning the ownership and governance of a specified area or land.

Appalachian Mountains

The Appalachian Mountains are a mountain range in the eastern United States, extending from Alabama to Newfoundland, known for their natural beauty and biodiversity.