To reduce the time and expense of collecting accounts receivables,some firms:
A)accept bank-issued credit cards.
B)adopt a just-in-time inventory policy.
C)extend credit to new customers.
D)offer extended payment plans to existing customers.

Question

Quizplus · Accepted Answer

Accepting bank-issued credit cards can reduce the time and expense of collecting accounts receivables as payments are processed quickly and automatically, eliminating the need for follow-up collections efforts. It is a convenient and secure way to receive payments from customers, and can improve cash flow for the company. Just-in-time inventory policy, extending credit to new customers, and offering extended payment plans may not necessarily reduce the time and expense of collecting accounts receivables.

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