Your Answer till) Describe good cash management practices involving inventory purchases. (Check all that apply.) ' Invoices should be paid on the last day of the discount period. Invoices should be paid on the first day of the discount period. Reason: Invoices should be paid on the last day of the discount period. Buyers should take advantage of early payment discounts. Inventory should be purchased with cash whenever possible. Reason: Purchases should be made using credit assuming the cash payment amount will be the same if paid within a discount period defined by the vendor. Correct Answer Invoices should be paid on the last day of the discount period. Buyers should take advantage of early payment discounts.
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