Increasing the discount for early payment by credit customers will tend to decrease the accounts receivable period.

Name: Increasing the discount for early payment by credit customers will tend to decrease the accounts receivable period.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Increasing the discount for early payment incentivizes customers to pay sooner, thus reducing the time it takes to collect receivables and decreasing the accounts receivable period.

Increasing the Discount for Early Payment by Credit Customers Will