For the following twa situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash. manegertent techniques. Situation 1: Too much money is tied up in receivables, and we need cash to buy new itemis of inventory. Our credit terms are already tight, and management is not willing to offer a diecount. Situation 2: At Rex Co. accounts recelvable are collected six times a year as compared to the industry average of ten times a year, resuiting in a cash shortage. Managentent is not prepared to offer a sales discount or to factor its receivable. Increase the speed of collection on receivables by offering a sales discount 1/10 or 2/10, net 30 . Sell receivables to a factor. For the following twa situations, select the statement that would be most helpful in managing cash in each situation which is consistent with effective cash. manegertent techniques. Situation 1: Too much money is tied up in receivables, and we need cash to buy new itemis of inventory. Our credit terms are already tight, and management is not willing to offer a diecount. Situation 2: At Rex Co. accounts recelvable are collected six times a year as compared to the industry average of ten times a year, resuiting in a cash shortage. Managentent is not prepared to offer a sales discount or to factor its receivable. Increase the speed of collection on receivables by offering a sales discount 1/10 or 2/10, net 30 . Sell receivables to a factor