Which of the following is true about the Accounts Receivable Lag and its implications on demand?
a. If you offer no credit, demand falls to about 60% of normal.
b. At 30 days, demand is 90%.
c. At 45 days, demand is 95%.
d. At 60 days, demand is 98.5%.
e. At 90 days, demand is 100%.
a. If you offer no credit, demand falls to about 60% of normal.
b. At 30 days, demand is 90%.
c. At 45 days, demand is 95%.
d. At 60 days, demand is 98.5%.
e. At 90 days, demand is 100%.