One process,which is transparent to customers and has a beneficial effect on the company's cash flow,is to
A) implement a cycle billing plan.
B) factor accounts receivable.
C) decrease the amount of time in which customers have to pay their monthly invoices.
D) Answers B and C are both correct.

Question

Quizplus · Accepted Answer

Implementing a cycle billing plan involves dividing customers into groups and sending out invoices at different times throughout the month. This can help spread out cash inflows and prevent a large influx of payments all at once. Additionally, it is transparent to customers and does not involve changing the terms of payment. Factoring accounts receivable and decreasing the amount of time customers have to pay their invoices may have a beneficial effect on cash flow, but they may not be transparent to customers and could potentially harm customer relationships.

One Process,which Is Transparent to Customers and Has a Beneficial