Companies use their organized Accounts Payable transactions to negotiate which of the following?

A. Extension of Payment Terms

B. Shipping Costs

C. Shipping Costs & Extension of Payment Terms

Assets may be categorized into which of the following?

A. Accounts Payable

B. Inventory

C. Interest Payments

Being able to negotiate discounts with vendors is a benefit of _____________

A. organizing your transactions to know who you work with the most.

B. knowing you can talk them into it.

C. knowing that they're potentially going bankrupt.

D. knowing your vendor's Income Statement data.

Why do firms use the Accounts Payable Schedule?

A. To know the due date of their debts.

B. To predict interest payments on loans.

C. To report and track monthly costs.