A company makes a strategic decision to increase sales by offering extended terms to customers,...
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Finance
A company makes a strategic decision to increase sales by offering extended terms to customers, expecting its average collection period to grow permanently from 30 to 45 days. A loan made to finance the additional working capital could be repaid from all the following sources EXCEPT:
A.Contribution of additional equity by the owners
B.Proceeds from the sale of a long-term investment
C.Collection of receivables on their due dates
D.Receipt of customer deposits upon placement of orders
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