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A company has the following accounts receivable payment history: Paid in the month of sale 10% Paid in the month following sale 30% Paid in

A company has the following accounts receivable payment history:

Paid in the month of sale

10%

Paid in the month following sale

30%

Paid in the second month following sale

40%

Paid in the third month following sale

10%

Which of the following actions might increase the cash receipts over the coming year?

allowing customers longer to pay their accounts receivable balances

turning uncollectible accounts over to a collection agency with a proven history of success

giving a cash discount to customers who pay in the month of sale

decreasing the price of the products sold by the company

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