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2 years ago
If the cash discount period is increased, a firm's investment in accounts receivable is expected to ________.
A) increase because new customers attracted by the new policy will result in new accounts
receivable
B) decrease because new customers will doubt the quality of product due to increase in discount
C) increase because existing discount takers will pay more to get more discount
D) decrease because of existing discount takers will now pay earlier to avail the cash discount
Textbook 

Principles of Managerial Finance


Edition: 14th
Authors:
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2 years ago
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2 years ago
Thank you for providing the right answer every time
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