regarding scheduling accounts payable, which of the following is a true statement? it is ethical to avoid…

regarding scheduling accounts payable, which of the following is a true statement? it is ethical to avoid payments if there will be no consequences for not paying. it is important for a business to hold enough cash to be able to pay its vendors on time. it is important for a business to avoid making payments when the vendor is insolvent.

regarding scheduling accounts payable, which of the following is a true statement? it is ethical to avoid payments if there will be no consequences for not paying. it is important for a business to hold enough cash to be able to pay its vendors on time. it is important for a business to avoid making payments when the vendor is insolvent.

Answer

Answer:

It is important for a business to hold enough cash to be able to pay its vendors on time.

Brief Explanations:

Paying vendors on - time is crucial for business relationships and reputation. Avoiding payments unethically (first option) is wrong. And avoiding payment to an insolvent vendor may have legal and ethical implications, while having sufficient cash for timely payments is a sound business practice.