COST ACCOUNTING
BREAK EVEN POINT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A strategy to reduce cash outflows would be?
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Change the pricing strategy of your products
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Sell some fixed assets
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Find cheaper suppliers
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Limit trade credit for customers
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Explanation:
Detailed explanation-1: -Consider negotiating extended payment terms with suppliers and deferring expenses. Simply asking your suppliers “Can I pay later?” is one of the easiest ways to delay your cash outflows and improve your overall cash flow.
Detailed explanation-2: -Weigh any special offers from suppliers that can reduce overall costs. For instance, you may be offered installment payments, consignment sales or special terms for the purchase of seasonal items. In addition, you may be able to arrange delaying payment until the goods are delivered.
Detailed explanation-3: -Paying on Last Date 2. Payments through Drafts 3. Adjusting Payroll Funds 4. Centralisation of Payments 5.
There is 1 question to complete.