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Mega Corp. extends credit terms of 30 days to its customers. If its average collection period was 55 days, and cash flows were becoming a
Mega Corp. extends credit terms of 30 days to its customers. If its average collection period was 55 days, and cash flows were becoming a concern, management should _______
A) insist on only cash sales from this point forward B) extend their credit terms for customers to 60 days C) focus on contacting credit customers and getting payment D) set up and borrow on a line of credit E) reduce overhead by laying off part of its sales force
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