\begin{tabular}{l} Which of following actions would increase the amount of cash available to Telo? (Select all that apply) \\ \begin{tabular}{|} Reduce the credit period for its credit sales to customers. \\ \( \square \) Increase the credit period for its credit sales to customers. \\ \( \square \) Increase the inventory available for sale. \\ \( \square \) Negotiating an increase in the credit period for purchases with suppliers. \\ \hline < Previous \\ \hline\end{tabular} \\ \hline\end{tabular}

Reducing the credit period for credit sales means customers need to pay faster, which boosts cash flow. Imagine Telo investing in a fun reminder service for customers—bills may be paid sooner, putting more cash in their pocket! On the flip side, negotiating an increase in the credit period for purchases with suppliers allows Telo to hold onto cash longer before needing to pay its own bills. This extra time can help them manage cash better—maybe they even set up a cool budgeting app to track it all!