Multiple Choice
Suppose MMP changes its policy and starts requiring all of its customers to pay within 20 days rather than the 30 days that it currently allows.Which one of the following will result from this change?
A) Increase in receivables period
B) Increase in inventory period
C) Decrease in cash cycle
D) Increase in operating cycle
E) Increase in accounts payable period
Correct Answer:
Verified
Correct Answer:
Verified
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