Use the table below to answer the following questions about the Jetton Company.
Monthly Sales for the Jetton Company $$\begin{array} { | l | c | c | c | c | }
\hline & \text { January } & \text { February } & \text { March } & \text { April } \
\hline \text { Sales } & 150,000 & 180,000 & 130,000 & 170,000 \
\hline ( \% ) \text { Cash Sales } & 18 \% & 26 \% & 24 \% & 19 \% \
\hline ( \% ) \text { Credit sales received } & & & & \
\text { when due in 30 days. } & 75 \% & 70 \% & 64 \% & 70 \% \
\hline ( \% ) \text { Credit sales received } & 7 \% & 4 \% & 12 \% & 11 \% \
\hline
\end{array}$$
-Refer to the Monthly Sales for the Jetton Company.If Jetton were to shorten the amount of time firms have to pay their accounts receivable,then the firm may lose some credit customers and lose sales.

Question

Use the table below to answer the following questions about the Jetton Company.
Monthly Sales for the Jetton Company $$\begin{array} { | l | c | c | c | c | } 
\hline & \text { January } & \text { February } & \text { March } & \text { April } \
\hline \text { Sales } & 150,000 & 180,000 & 130,000 & 170,000 \
\hline ( \% ) \text { Cash Sales } & 18 \% & 26 \% & 24 \% & 19 \% \
\hline ( \% ) \text { Credit sales received } & & & & \
\text { when due in 30 days. } & 75 \% & 70 \% & 64 \% & 70 \% \
\hline ( \% ) \text { Credit sales received } & 7 \% & 4 \% & 12 \% & 11 \% \
\hline
\end{array}$$
-Refer to the Monthly Sales for the Jetton Company.If Jetton were to shorten the amount of time firms have to pay their accounts receivable,then the firm may lose some credit customers and lose sales.

Quizplus · Accepted Answer

Shortening the payment period for accounts receivable could lead to some customers being unable or unwilling to meet the tighter deadlines, potentially resulting in a loss of those customers and a decrease in sales.

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