How will the factors likely affect xyz


Question: XYZ Company sells its merchandise on credit. It has noted the following: interest rates have increased, the global economy is on the brink of a recession, and legislative changes have been implemented which have caused increased regulation. How will these factors likely affect XYZ? Select answer from the options below XYZ will decide to no longer sell on credit XYZ will grant the same amount of credit regardless of the economy XYZ will be stricter when granting credit XYZ will be more lenient in granting credit

 

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Accounting Basics: How will the factors likely affect xyz
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