Which of These Is Most Apt to Decrease the Accounts

question 9

Multiple Choice

Which of these is most apt to decrease the accounts receivable period for a store that has both cash and credit sales?

• A)Increasing the time granted to customers to pay for purchases
• B)Lengthening the cash cycle
• C)Increasing customer discounts for cash payment
• D)Selling inventory slower
• E)Paying suppliers faster

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Definitions:

Profit Maximization

The process or strategy focused on increasing the net profit of a business by either reducing costs, increasing revenue, or both.

Enlightened Corporate Self-Interest

A business philosophy suggesting that companies can achieve better long-term performance by acting in a socially responsible manner.

Goodwill

The expected continuance of public patronage of a business.

Ethical System

A set of principles or guidelines designed to direct individual or collective behavior towards moral and ethical decision-making.