Which of the Following Actions Will Tend to Decrease the Trade

question 114

Multiple Choice

Which of the following actions will tend to decrease the trade receivables period? I.Loosening the standards for granting credit to customers.
II) Increasing the discount for early payment by credit customers.
III) Increasing the finance charges applied to all customer balances outstanding over thirty days.
IV) Granting discounts for cash sales.

• A)I and III only.
• B)II and IV only.
• C)I, II and IV only.
• D)II, III and IV only.
• E)I, II, III and IV.

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