Financial Management

  Read and summarize chapter 20 of your Financial Management Text in at least 400 words. -What is trade credit? -Is it beneficial to a business to offer trade credit? why or why not? -How is credit worthiness determined? -Research the term "after pay." In your opinion, who does it help more, the customer or the business? Explain your answer. -What is inventory? -What is JIT? -How is inventory monitored?