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30 April, 03:58

Which of the following is least likely to be a reasonable explanation for an increase in accounts receivable turnover? A. Early payment incentives for customers. B. Tightening of credit policy. C. Implementation of more aggressive collection policies. D. Allowance of a new grace period for customer payments.

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  1. 30 April, 05:11
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    (D) Allowance of a new grace period for customer payments.

    Explanation:

    Accounts Receivable Turnover.

    Accounts receivable turnover refers to the number of times in a year that a company receives its average account receivable. It shows how quickly a customer should pay the company for credit sales.

    This also shows the company's effectiveness in issuing out sales on credit and collecting funds from the customers at the right time.
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