Business MYE: how asking debtors to pay more quickly or insisting on only cash sales works to overcome short term cash flow problems and limitation

Question

how asking debtors to pay more quickly or insisting on only cash sales works to overcome short term cash flow problems and limitation

Freya Watson · Accepted Answer

cash inflows will increase in the short term, customers may purchase from another business that still offers them credit

How asking debtors to pay more quickly or insisting on only cash sales works to overcome short term cash flow problems and limitation