To shorten the financing period of the collection cycle a firm can speed up receivables and speed up payments.

Name: To shorten the financing period of the collection cycle a firm can speed up receivables and speed up payments.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To shorten the financing period of the collection cycle, a firm can speed up receivables but should aim to delay payments, not speed them up. This approach improves cash flow by receiving money faster and keeping cash longer.

To Shorten the Financing Period of the Collection Cycle a Firm