Increasing the credit period from 30 to 60 days, in response to a similar action taken by all of our competitors, would likely result in: a) an increase in the average collection period. b) a decrease in bad debt losses. c) an increase in sales. d) higher profits.

Increasing the credit period from 30 to 60 days, in response to a simi

1.	Increasing the credit period from 30 to 60 days, in response to a similar action taken by all of our competitors, would likely result in: a) an increase in the average collection period. b) a decrease in bad debt losses. c) an increase in sales. d) higher profits.
Answer» a) an increase in the average collection period.

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Increasing the credit period from 30 to 60 days, in response to a similar action taken by all of our competitors, would likely result in: a) an increase in the average collection period. b) a decrease in bad debt losses. c) an increase in sales. d) higher profits.

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