Which of the following is a benefit of selling on credit?
A)Revenues are increased by making sales to a wider range of customers.
B)Expenses are reduced by making sales to a wide range of customers.
C)Some customers do not pay, creating an expense.
D)Cash is received sooner.

Question

Quizplus · Accepted Answer

Selling on credit can increase revenues by allowing a business to make sales to customers who may not have the cash upfront but can pay in the future, thus expanding the customer base and potential sales volume.

Which of the Following Is a Benefit of Selling on Credit