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CTP · Question #339
(Topic 4) A U.S. company wants to increase its cash turnover rate. It is finding that customers are not taking the offered discount terms of 3/15, net 35. What action might the company take in order…
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Question
- (Topic 4)
A U.S. company wants to increase its cash turnover rate. It is finding that customers are not taking the offered discount terms of 3/15, net 35. What action might the company take in order to achieve its goal?
Options
- AIncrease the days' sales outstanding.
- BObtain short-term financing.
- CFactor the accounts receivable.
- DChange inventory accounting from FIFO to LIFO.
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