Asked by James
State how you would expect the following events to affect each type of lag:
a. The company imposes a service charge on late payments.
b. A recession causes customers to be short of cash.
c. The company changes its terms from net 10 to net 20.
a. The company imposes a service charge on late payments.
b. A recession causes customers to be short of cash.
c. The company changes its terms from net 10 to net 20.