Suppose a Firm Changes Its Credit Policy from 2/10 Net

question 85

True/False

Suppose a firm changes its credit policy from 2/10 net 30 to 3/10 net 30.The change is meant to meet competition, so no increase in sales is expected.The average accounts receivable balance will probably decline as a result of this change.

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Definitions:

Gender Identity

An individual's personal sense of their own gender, whether it be male, female, a blend of both, or neither.

Social Factors

Social Factors are elements that impact individuals' lifestyles, relationships, and interactions within society, such as cultural norms and family dynamics.

Biological Differences

Variations among individuals in physiological and genetic characteristics that contribute to their unique biological makeup.

Sex Differences

Sex differences refer to the biological and physiological distinctions between male and female organisms, often in context to human beings.