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If the position of equilibrium shifts to the left,what will happen?
Lockbox System
A service provided by banks to companies for the receipt of payment from customers, under which payments are directed to a special post office box rather than the company’s address.
Cash Collections
The process of gathering and managing incoming cash payments from customers or clients.
Collection Procedures
The methods and processes used by a company to pursue and collect payments owed by customers.
Credit Sales
Sales made on credit, where the buyer agrees to pay the seller at a future date.
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