ake's Hardware Store sells most of its merchandise on credit to customers. Jake's has been...
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Accounting
ake's Hardware Store sells most of its merchandise on credit to customers. Jake's has been having difficulty maintaining their ninimum cash balance, so they have started offering incentives to customers who pay off their purchases within days. How does this help maintain a higher cash balance? It reduces the average collection period. It lengthens the payment period for suppliers. It entices customers to pay with cash upfront. It reduces the amount of inventory Jake needs to order. 
ake's Hardware Store sells most of its merchandise on credit to customers. Jake's has been having difficulty maintaining their
ninimum cash balance, so they have started offering incentives to customers who pay off their purchases within days. How does
this help maintain a higher cash balance?
It reduces the average collection period.
It lengthens the payment period for suppliers.
It entices customers to pay with cash upfront.
It reduces the amount of inventory Jake needs to order.
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You can see the logs in the Dashboard.