During 2016, the accounts receivable turnover rate for Cordner Company increased from 10 to 14 times per year. Which one of the following statements is the most likely explanation for the change?
a. The company's credit department has followed up with customers whose account balances are past due in order to generate quicker collections.
b. The company has decreased sales to its most credit worthy customers.
c. The company has increased the amount of time customers have to pay their accounts before they are past due.
d. The company has extended credit to more risky customers in order to increase sales.
a
You might also like to view...
What is a positive basis by which hard power is used?
a. coercive b. reward c. expert d. personal
What is the appropriate term from systems theory for a set of interacting units that endures through time within an established boundary?
A. System D. Environment B. Morphogenesis E. Homeostasis C. Structure
Organizational transactions tend to be ____________________ frequent than the typical consumer purchase.
Fill in the blank(s) with the appropriate word(s).
The owner of a life estate that is measured by the life tenant's life may pass the life estate on in his or her will
Indicate whether the statement is true or false