Which of the following should help reduce the total collection time for a firm?
I.opening a post office box so mail can be received earlier in the morning
II.assigning additional staff in the morning to process incoming payments
III.providing a discount for customers who pay electronically
IV.establishing preauthorized payments from customers

Question

Quizplus · Accepted Answer

All four options are strategies aimed at reducing the total collection time for a firm. Opening a post office box allows for earlier receipt of payments, assigning additional staff can speed up processing, offering discounts for electronic payments encourages faster payment methods, and establishing preauthorized payments ensures timely collection directly from customers' accounts.

Which of the Following Should Help Reduce the Total Collection