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Select THREE actions that should be taken by a business offering credit to its customers...

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Select THREE actions that should be taken by a business offering credit to its customers to ensure that amounts owing are collected as quickly as possible.

A.

Chase up slow payers with reminder letters.

B.

Monitor outstanding trade receivables.

C.

Extend the credit terms available to customers.

D.

Issue invoices quickly.

E.

Monitor outstanding trade payables.

F.

Take longer to settle trade payables than collect trade receivables.

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