Convert its receivables to cash
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Explain three options a company can use to convert its receivables to cash. 100 words
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Solution Summary
The solution explains the three options a company can use to convert its receivables to cash
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The company has three options
1. Wait till the credit period is over and the customer pays and then the receivable is converted to cash.
2. Give a cash discount so customers have an incentive to pay early and so ...
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