A company has the following accounts receivable payment history: Which of the following actions might increase the cash receipts over the coming year?
A) allowing customers longer to pay their accounts receivable balances
B) turning uncollectible accounts over to a collection agency with a proven history of success
C) giving a cash discount to customers who pay in the month of sale
D) decreasing the price of the products sold by the company
Correct Answer:
Verified
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