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For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash
For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash management techniques. A new customer doubled our monthly sales three months ago, but we cannot get him/her to pay. We are encountering a cash flow problem, and credit terms cannot be tightened any more. Management did not approve of selling receivables to a factor
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