Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
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Chapter 15.5, Problem 1FOE
Summary Introduction

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The idea of stretching payables is seen as a good cash management practice. There are some negatives also by stretching the payables. It also raises ethical issues within the organization. There are even complicated ways of stretching where the payables are financed. In spite of the ethical issues., indulging in stretching payables might have some financial benefits.

To explain: The difficulties that might arise to stop a firm from taking advantage of these discounts.

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Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)

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