If a company permits customers who purchase merchandise in December of the current year to defer payment until January o

[answerhappygod]

If a company permits customers who purchase merchandise inDecember of the current year to defer payment until January of thenext year, how does the company pay its bills in the meantime? Doyou think the retail company extends credit itself, or might itenter into some type of arrangement with a financial institution?What type of credit arrangement do you think might be used?