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A firm has an accounts receivable period of 2 2 days. Which one of the following actions will tend to increase the accounts receivable period?
A firm has an accounts receivable period of days. Which one of the following actions will tend to increase the accounts receivable period?
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Tightening the standards for granting credit to customers
Refusing to grant additional credit to any customer who pays late
Increasing the finance charges applied to all customer balances outstanding over days
Granting discounts for cash sales
Eliminating the discount for early payment by credit customers
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