Loosening the standards for granting credit to customers will tend to decrease the accounts receivable period.

Name: Loosening the standards for granting credit to customers will tend to decrease the accounts receivable period.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

Loosening the standards for granting credit to customers is likely to increase the accounts receivable period because it may take longer for customers to pay their debts, leading to an increase in the time it takes to collect receivables.

Loosening the Standards for Granting Credit to Customers Will Tend