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Ramirez Company sells its garden hoses to Kim's Lawn and Garden Center but does not require Kim's to pay for them right away. If this is a standard trade-credit agreement, Kim's will have to pay for the garden hoses in

Respuesta :

Answer:

30-60 days

Explanation:

From the question we were informed about Ramirez Company who sells its garden hoses to Kim's Lawn and Garden Center but does not require Kim's to pay for them right away. If this is a standard trade-credit agreement, In this case Kim's will have to pay for the garden hoses in 30-60 days. Trade credit could be regarded as a business-to-business agreement whereby products/goods can be purchased by customer without the payment of upfront to the supplier, but the customer can pay at a scheduled date later.this could be period of 30-60 days.