Increasing the ﬁnance charges applied to all customer balances outstanding over thirty days will
tend to decrease the accounts receivable period.

Name: Increasing the ﬁnance charges applied to all customer balances outstanding over thirty days will tend to decrease the accounts receivable period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Increasing finance charges will incentivize customers to pay their balances sooner, therefore decreasing the accounts receivable period.

Increasing the ﬁNance Charges Applied to All Customer Balances Outstanding