Joe Schwartz has just run his company's short-term financial planning model.A credit analyst calls and tells Joe that the company's (selling)credit period has just been changed.Joe would likely

Question

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Since the credit period has just been changed, it would be prudent for Joe to rerun the company's short-term financial planning model after adjusting the model for the new cash collections. This will ensure that the model's recommendations are accurate and up-to-date, based on the new credit period. Simply ignoring the model's outputs or subjectively adjusting the recommendations based on Joe's personal judgment could lead to financial mismanagement and inaccurate projections.

Joe Schwartz Has Just Run His Company's Short-Term Financial Planning