The wise small business owner should strive to stretch out his/her payables as long as possible without damaging the company's credit rating.

Question

Quizplus · Accepted Answer

By extending payables, a small business owner can improve their cash flow and use the funds for other purposes such as investment and expansion. However, it is important to pay bills on time to maintain good relationships with suppliers and avoid damaging the company's credit rating.

The Wise Small Business Owner Should Strive to Stretch Out