Question: What problem is caused for you if you have a credit policy of requiring cash payment in 3 0 days and your competitor has a

What problem is caused for you if you have a credit policy of requiring cash payment in 30 days and your competitor has a credit policy of requiring cash payment in 75 days?
According to tCustomers who do notpay for the merchandise that they bought on credit are referred to as:
Lost sales revenue
Unpaid transactions
Bad debts
Delinquent accountshe FASBs accounting rules, no receivables can be reported if the cash payment period is less than 50 days.

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