Which of the following actions would MOST directly shorten the cash conversion cycle?
Decrease investment in inventory
Decrease operating expenses
Decrease payments received in the first month after the sale.
Increase Sales
2. A supplier offers a firm a 3/15, net 30 discount for early payment on a $2,000 bill. What is the cost of forgoing the trade discount, assuming the financial year has 360 days?
0.003%
1484%
74.2%
37.1%