Which one of the following statements is true if a company's collection period for accounts receivable is unacceptably long?
a. The company may need to borrow to acquire operating cash.
b. The company may offer trade discounts to lengthen the collection period.
c. Cash flows from operations may be higher than expected for the company's sales.
d. The company should expand operations with its excess cash.
a
You might also like to view...
A controlling investment is defined as owning what percent of the stock of another company?
a. More than 50 percent b. 100 percent c. 20 to 50 percent d. 90 percent
Treating the other person with respect is which type of confirming response?
A. recognition B. acknowledgement C. endorsement D. friendliness
Which of the following is an example of an implied contract?
A. Alberto visits his physician to be treated for a sinus infection. They do not discuss payment, but the following week Alberto receives a bill from his physician for services rendered. B. Midori offers to sell a necklace to Patricia for $50; Patricia agrees to pay $50 for the necklace. C. Amy tells her neighbor Tom, "If you rake up my leaves, I'll bake you a batch of brownies." Tom accepts the offer. D. Miguel wants to purchase his first home. When he found the perfect place, he signed a contract for purchase and closed on the home within a month.
Name and describe the five types of ethical climates.
What will be an ideal response?