Question
Which of the following statements is correct concerning the cash budget? A: Reducing the time for customers to pay for purchases from 45 days to
Which of the following statements is correct concerning the cash budget?
A: Reducing the time for customers to pay for purchases from 45 days to 30 days would increase expected cash receipts in a cash budget.
B: Reducing the time for customers to pay for purchases from 45 days to 30 days would increase expected cash disbursements in a cash budget.
C: Reducing the time for customers to pay for purchases from 45 days to 30 days would decrease expected cash receipts in a cash budget.
D: Reducing the time for customers to pay for purchases from 45 days to 30 days would decrease expected cash disbursements in a cash budget.
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