1) Identify the incorrect statement from the following regarding the considerations that firms use while deciding their credit policy.

Group of answer choices

a) If the product of the firm is perishable in nature, the firm will offer more stricter credit terms

b) Customer accounts that are small in nature associated with difficulty in acquiring easier external financing tend to get longer credit period.

c) If the customers of the firm are in high risk business, they will receive stricter credit terms

d )None of the above is false

2) Bharat company has a plan to revise its terms of sale for customers from "1/10, net 30" to "1/10, net 60". As a result, Bharat company will experience most likely............

Choose the most accurate possible answer)

Group of answer choices

a )a higher level of uncollectible debtors

b) All the above are possible effects.

c ) an increase in the average collection period.

d )an increase in cash on hand.