公司理财第七版Chap020.pptVIP

Appendix C: Use of Payment Systems in the United States, 2009 Source: , , and Chapter 20 Learning Objectives 1. Describe the usual steps in a firm’s credit management policy. 2. Measure the implicit interest rate on credit sales. 3. Describe how firms assess the probability that a customer will pay its bills. 4. Decide whether it makes sense to grant credit to customers. 5. Cite the costs and benefits of holding inventories and cash balances. 6. Compare the different techniques that firms use to make and receive payments. 7. Compare alternatives for investing excess funds over short horizons