Explain the Cash Discount
Answers
Answered by
1
A cash discount is an incentive that a seller offers to a buyer in return for paying a bill owed before the scheduled due date.the seller will usually reduce the amount that the buyer owes by a small percentage or a set dollar amount . if used properly, cash discounts improve the days sales outstanding aspect of a businesses's cash conversion cycle.
Similar questions
Math,
6 months ago
History,
6 months ago
Computer Science,
11 months ago
Computer Science,
11 months ago
Math,
1 year ago
Math,
1 year ago