To reduce the time and expense of collecting accounts receivables,some firms:

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By accepting bank-issued credit cards, the firm can expedite the collection of accounts receivables as the payment will be made directly by the bank. This will reduce the time and expense associated with collecting payments from customers. Offering extended payment plans may result in delayed payments, and extending credit to new customers may increase the risk of bad debts. Adopting a just-in-time inventory policy is unrelated to accounts receivables.

To Reduce the Time and Expense of Collecting Accounts Receivables,some