To Shorten the Collection Period, a Company May

question 178

Multiple Choice

To shorten the collection period, a company may:

• A) decide to stop accepting credit cards.
• B) stop charging interest on late payments.
• C) decrease the discount offered.
• D) factor its receivables.

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Definitions:

Block Letter Format

A writing style used in formal correspondence where all text is aligned to the left, using no indentations and simple, clean lines.

Justified Margins

The alignment of text on both the left and right sides of a page, creating a clean and uniform visual appearance.

Corporate Travel Packages

Pre-arranged business travel plans offered to companies, often including transportation, accommodations, and other services.

Opening Sentence

The first sentence in a piece of writing, designed to grab the reader's attention and introduce the topic.