FOUNDATIONS OF BUSINESS
FOUNDATIONS OF BUSINESS
6th Edition
ISBN: 9780357685594
Author: Pride
Publisher: CENGAGE L
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Chapter 16.5C, Problem 1CC
Summary Introduction

To determine: The importance of trade-credit as a source of short-term financing.

Introduction: A trade credit is an contract or comprehension between operators occupied with business with each other that permits the trading of merchandise and services with no prompt exchange of cash.

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