Use the following information when solving this problem for changes in credit terms and collection policies. Should these changes be accepted/rejected?

Use the following information when solving this problem for changes in credit terms and collection policies. Should these changes be accepted/rejected?| 1. Accounts Receivable Problem is Dollars: Easier Credit Terms Days' of Sales Outstanding is the same as Daily Sales Outstanding Steps: There are 6 steps Step 1: Additional Profit/Loss caused by the change in Credit Sales: Step 2: Additional Savings/Costs associated with Accounts Receivable: Step 3: Additional Savings/Costs associated with Bad Debts: Step 4: Additional Savings/Costs associated with Credit Terms: Step 5: Additional Savings/ Cost associated with Collection Costs Step 6: Decision Use the following information when solving this problem for changes in credit terms and collection policies. Should these changes be accepted/rejected?| 1. Accounts Receivable Problem is Dollars: Easier Credit Terms Days' of Sales Outstanding is the same as Daily Sales Outstanding Steps: There are 6 steps Step 1: Additional Profit/Loss caused by the change in Credit Sales: Step 2: Additional Savings/Costs associated with Accounts Receivable: Step 3: Additional Savings/Costs associated with Bad Debts: Step 4: Additional Savings/Costs associated with Credit Terms: Step 5: Additional Savings/ Cost associated with Collection Costs Step 6: Decision