Making changes to a firm's credit policy involves trade - offs. Assuming that all other factors remain constant, which of the following are outcomes expected to result from an increase in a firm's cash discount? Check all that apply.

a. An increase in the firm's credit sales, a speeding up of customer payments, and a reduction in the firm's receivables investment
b. An increase in the creditworthiness of the firm's customers
c. An increase in the firm's bad - debt expenses
d. An increase in the cost of the discounts given