Question
If easing a firm's credit policy lengthens the collection period and results in a worsening of the aging schedule, then why do firms take such
If easing a firm's credit policy lengthens the collection period and results in a worsening of the aging schedule, then why do firms take such actions?
A. It normally stimulates sales.
B. To improve product quality.
C. To increase the firms deferral period for payables.
D. All of the statements above are correct
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Introduction to Corporate Finance
Authors: Scott B. Smart, William L Megginson
2nd edition
9780324658958, 0324658958, 978-0324657937
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