Business, 06.05.2020 04:20 cdvazquez727

Mr. Hill, who runs a key-chain manufacturing unit, buys raw materials from his supplier during the first week of every month. The supplier's policy states that all payments need to be cleared within 50 days of buying the materials. This schedule ensures that Mr. Hill gets an extended period to make payments thus controlling when the payment is made. Which of the following strategies is Mr. Hill using to control cash outflow?A. Taking a consignmentB. Offering trade discountC. Gaming the payment processD. Timing the purchase

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Mr. Hill, who runs a key-chain manufacturing unit, buys raw materials from his supplier during the f...

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