How does credit policy affect the cash conversion cycle as discussed i
QUESTION
How does credit policy affect the cash conversion cycle as discussed in the last chapter?
cash conversion cycle. It is the number of days that pass before cash is collected for a sale, measured from the day when the cash is paid for the inventory. The credit policy affects the cash conversion cycle since the credit policy determines the period in which the cash is collected from the customers which is the part of the cash conversion cycle.
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