During 2024, Jerico's sales increased by 20%. If accounts recelvable increased by 40%, this may indicate that a the company's collections have improved. b the company may be increasing sales by loosening its credit policies. c the company's collection policies have become more aggressive. d the company's management is focusing on cash sales. Question 7 (2 points) An increase in the allowance for doubtful accounts would NOT be caused by which of the following? a a declining economic climate b an increase in cash sales c credit problems with the company's customers d an increase in accounts receivable Question 8 (2 points) As a general rule, the average collection period for accounts receivable should NOT exceed a the inventory turnover period. b the credit terms. one month. d the average age of accounts receivable