Question 9 of 50Company A grants credit terms of 30 days toCompany B. The operating cycle of Company B is20 days. In this case, Company AO A. is, in effect, financing more thanCompany B's inventory needs.B. is, in effect, financing less thanCompany B's inventory needs.C. will have a lower level of accountsreceivable than those companiesgranting shorter credit terms.

The answer to the above question is option C.

Answered: Company A grants credit terms of 30…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Company A grants credit terms of 30 days to Company B. The operating cycle of Company B is 20 days. In this case, Company A