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AFP CTP Question # 187 Topic 19 Discussion

CTP Exam Topic 19 Question 187 Discussion:
Question #: 187
Topic #: 19

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?


A.

Increase the days’ sales outstanding.


B.

Obtain short-term financing.


C.

Factor the accounts receivable.


D.

Change inventory accounting from FIFO to LIFO.


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