Discuss the ethics of this practice
Managerial Accounting
The chief executive officer (CFO) of a manufacturing company that is facing a severe cash crunch has a variety of working capital management tools available to address the crisis. These could include any combination of new accounts receivable, accounts payable, inventory, or cash management strategies. One popular strategy is to simply stop paying the bills altogether.
Discuss the ethics of this practice. If you were the CFO of this company, how might you go about implementing the strategy of not paying bills? (Deliverable length 200 words with the references)
