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Question
A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the sales price in advance. In this example, which of the following techniques is the store using to increase cash inflows?A. It is offering discounts to customers for prompt payment.
B. It is taking deposits and progress payments.
C. It is factoring all receivables.
D. It is taking on noncore paying projects.
Answer
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