Unformatted text preview: unable to repay the debt and now the lender will not extend the credit to repay the loan and company is force to file bankruptcy. There are advantages of early payment which often work out to be more profitable than any other way you can invest your dollars. “Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest” (NIV, Matthew 25:27). You walk a thin line when paying bills late. You should never do anything to jeopardize the relationship between you and the vendors. References Gitman, Lawrence J. (2009). Principles of managerial finance brief. Pearson Prentice Hall, Boston, MA. Short-Term Financing. Chapter 11. Retrieved 3 December 2009 from: htpp://wps.pearson.co.uk/wps/media/objects/1669/1710030/0273685988_ch11.ppt...
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This note was uploaded on 04/03/2011 for the course ECON 490 taught by Professor Professorjohns during the Spring '09 term at Liberty.
- Spring '09