NO.PZ2023090505000011
问题如下：
Assuming no change in days sales outstanding and days of inventory on hand, an issuer in need of cash flow that forgoes the discount offered by its vendor for payments within 10 days and chooses to pay on the due date in 30 days is:
选项：
A.shortening its cash conversion cycle
lengthening its cash conversion cycle
not affecting its cash conversion cycle
解释：
A is correct. The issuer that uses the vendor financing by delaying payments is increasing its days payable outstanding and thus shortening its cash conversion cycle. The issuer is reducing its need for liquidity by taking advantage of the vendor financing at the cost of the forgone discount.
如何计算？
延长付款，现金流如何周转？
不是越快付出去，现金流周转得越快吗？
