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A company makes sales on credit of $100,000 every month. Trade receivables generally take 50 days to pay. What would be the impact on cash
A company makes sales on credit of $100,000 every month. Trade receivables generally take 50 days to pay. What would be the impact on cash of changing the terms of trade so that receivables were settled after 40 days? A The bank balance will increase immediately. B The bank balance will increase over the next 40 days. C The bank balance will increase over the next 50 days. D The bank balance will increase within a month.
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