Which of the Following Is a Payment Option for the Financial

question 13

Multiple Choice

Which of the following is a payment option for the financial manager purchasing on credit

• A)Pay on the day of purchase
• B)payment at the end of the cash discount period
• C)pay after the end of the credit period
• D)all of the above
• E)none of the above

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Definitions:

Notes Receivable

Written promissory notes indicating the amounts due to be paid to the holder, recognized as assets on a company's balance sheet.

Maturity Value

The total amount payable to an investor at the end of a bond's term or the final payment due on a loan, including principal and any accrued interest.

Trade Receivables

Amounts owed to a company by its customers as a result of delivering goods or services on credit.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.