Common ways to speed up cash flow from accounts receivable do not include
A)offering customers a discount if they pay earlier than the due date.
B)borrowing money using accounts receivable as collateral.
C)accepting bank debit and credit cards in payment.
D)increasing the payment period from 30 to 45 days.

Question

Quizplus · Accepted Answer

Increasing the payment period from 30 to 45 days would delay cash flow, not speed it up.

Common Ways to Speed Up Cash Flow from Accounts Receivable