Multiple Choice
A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What change might be expected on the balance sheets of the manufacturing firm?
A) Decreased receivables
B) Increased receivables
C) Increased payables
D) Decreased payables
Correct Answer:
Verified
Correct Answer:
Verified
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