3. Evaluate the effect of the following changes that a company makes on cash-to-cash cycle time.

Indicate simply the direction of movement of the measurement (i.e., up, down or no change).

Reduction in cost-of-goods sold More frequent deliveries from suppliers Reductions in time customers are allowed to pay for goods Change from paying suppliers on receipt of goods to waiting 60 days to pay suppliers Write-off of obsolete inventory Reduction in labor content in a production process Outsourcing the production of a major product