• In your textbook, Analysis for Financial Management, read Chapter 1, “Interpreting Financial Statements,” paying particular attention to the review of the cash flow cycle at the beginning of the chapter.
• In your textbook, Principles of Accounting, read Chapters 1 and 2, “Role of Accounting in Society” and “Introduction to Financial Statements.”
• Respond to the following prompts:
1. From the customer’s perspective, what are the financial implications of lengthening supplier pay terms? What are the financial implications from a supplier’s perspective?
2. What are the ethical implications of lengthening supplier pay terms? Is this a legitimate business strategy? Why or why not?
3. Support your position with at least one biblical principle with a specific Bible verse that you feel is relevant to the situation. Explain how and why it applies.
• Your post should be based on the chapters, as well as other resources that can contribute to the discussion. Use OCLS to search for relevant scholarly sources you can use to support your position.
• This initial post should be 200–400 words in length and include at least one academic source that is properly cited. Use APA format and include a reference list.
What are the ethical implications of lengthening supplier pay terms? Is this a legitimate business strategy?
