Question: Collection time: Multiple Choice Is decreased when customers pay at the point of sale rather than when they are billed. Is equal to mail time

Collection time:
Multiple Choice
Is decreased when customers pay at the point of sale rather than when they are billed.
Is equal to mail time plus the processing delay minus the availability delay.
Is independent of the business nature of a firm.
Increases when payments are made electronically.
Increases when customers' bills are sent electronically.

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