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CIMAPRA19-F01-1 Exam - Topic 6 Question 129 Discussion

Which of the following are techniques that can be used by a company to ensure they receive timely payment of receivables? Select ALL that apply:
A) Offering cash or early payment discount and B) Charging interest on late payments and C) Assessing credit risk of customers before they are given credit
D) Offering extended credit to return customers
E) Offering free items

CIMAPRA19-F01-1 Exam - Topic 6 Question 129 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 129
Topic #: 6
[All CIMAPRA19-F01-1 Questions]

Which of the following are techniques that can be used by a company to ensure they receive timely payment of receivables? Select ALL that apply:

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Suggested Answer: A, B, C

by Basilia at Jul 01, 2026, 11:44 AM

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Ernestine
I feel like assessing credit risk (C) is crucial, but I can't recall if offering free items (E) is a common practice for this purpose.
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Helaine
5 days ago
I think B is also a good option since charging interest could encourage timely payments.
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Stephaine
10 days ago
I'm not entirely sure about D; offering extended credit seems risky, but it might work for loyal customers.
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Raul
15 days ago
I remember discussing cash discounts in class, so I think A is definitely a technique.
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