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16 January, 13:40

A company increasing its credit terms for customers from 1/10, net 30 to 1/10, net 60 will likely experience:

a. An increase in cash on hand.

b. An increase in the average collection period.

c. Higher net income.

d. A higher level of uncollectible accounts.

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Answers (1)
  1. 16 January, 17:06
    0
    B is correct.

    Explanation:

    A higher level of uncollectible accounts may occur, but a longer average collection period will certainly occur.
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