Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
Book Icon
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.

Blurred answer
Students have asked these similar questions
Why does the government borrow money when it still has enough on hand?
what form is trade credit most comminly associated? what is the credit instruments used in this transaction?
Please explain how securitization market fueled the 2007-2008 global financial crisis
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning