Which of the following will not be affected by a change in a firm's credit policy?

Name: Which of the following will not be affected by a change in a firm's credit policy?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit is determined by sales and the cost of goods sold, which are not directly affected by changes in a firm's credit policy. Credit policy changes typically impact the collection period, bad debt expenses, and possibly sales volume, but not the gross profit margin itself.

Which of the Following Will Not Be Affected by a Change