Working capital management Flashcards
1
Q
Decreasing the maximum allowable number of days to receive payment to 30 will mean that customers must pay within 30 days. How will this affect the average collection period?
A
it will lower it
CMA Part II Prep FINAL > Working capital management > Flashcards
Decreasing the maximum allowable number of days to receive payment to 30 will mean that customers must pay within 30 days. How will this affect the average collection period?
it will lower it
CMA Part II Prep FINAL (14 decks)