Lengthening the credit period is likely to result in all of the following except
A)higher sales
B)more cash sales
C)larger investment in receivables
D)longer average collection period

Question

Quizplus · Accepted Answer

Lengthening the credit period means that customers will have more time to pay, so it is less likely that there will be more cash sales. The other options are likely outcomes of lengthening the credit period.

Lengthening the Credit Period Is Likely to Result in All