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Amanda Company has recently changed its credit policy by reducing its discount period from 15...

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Question

Accounting

Amanda Company has recently changed its credit policy by reducing its discount period from 15 days to 10 days. Which of the following is the most likely reason for Amanda Company reducing its discount period?

Group of answer choices

To reduce the average age of accounts on its accounts receivable aging schedule.

To meet terms offered by competitors.

All of the above.

To seek to increase credit sales.

Answer & Explanation Solved by verified expert
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