Lancer Wholesale Company wants to improve cash flow provided by accounts receivable collections.Which of the following strategies would be most likely to help Lancer achieve this objective?
A) Relaxing its credit policy for new customers.
B) Offering cash discounts to buyers who pay their accounts promptly.
C) Accepting IOUs from customers who buy in large quantities.
D) Offering extended payment plans to qualified buyers.
Correct Answer:
Verified
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