The company is implementing a discount program for its customers. It will start to offer a 1% discount off the invoiced amount if customers pay within 10 days instead of the regular 30 days. This credit policy change will likely result in ...

[NOTE: More than one answer may be correct]

... a lower net income.

... higher material costs.

... a higher inventory turnover.

... lower days sales outstanding.

... a higher cash balance.

... angry customers.

... a higher cash conversion cycle.