If the firm's credit period in decreased, the sales volume can be expected to increase, the investment in accounts receivable can be expected to increase, and the bad debt expenses can be expected to increase.

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If the firm's credit period is decreased, it means they are giving customers less time to pay their invoices, which may discourage some customers from making purchases. This could ultimately decrease sales volume. With less time to pay, the investment in accounts receivable may also decrease. However, bad debt expenses may increase if the firm is not careful in assessing the creditworthiness of customers and ends up with more delinquent accounts.

If the Firm's Credit Period in Decreased, the Sales Volume