A company has the following accounts receivable payment history Paid in the month of sale 10% Paid in the month following sale 30% Paid in the second month following sale 40% Paid in the third month following sale 10% Which of the following actions might increase the cash receipts over the coming year?
A) Allow customers longer to pay their accounts receivable balances.
B) Turn uncollectible accounts over to a collection agency with a proven history of success.
C) Give a cash discount to customers who already pay in the month of sale.
D) All of these.
E) None of these.
B
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