Accounts receivable turnover will normally decrease as a result of:
A. an increase in cash sales in proportion to credit sales.
B. a change in credit policy to lengthen the period for cash discounts.
C. a significant sales volume decrease near the end of the accounting period.
D. the write-off of an uncollectible account against the allowance for bad debts.
Answer: B
You might also like to view...
The Sarbanes-Oxley Act has had an insignificant effect on the relationship between the company and the internal auditor
Indicate whether the statement is true or false
According to many studies, networking with friends and past employers is the most popular way of locating a job
Indicate whether this statement is true or false.
VMI______.
a. stands for vendor-managed inventory b. is a process in which inventory is completely eliminated c. incorporates the push concept d. makes it easier to meet quality control requirements
For making an effective business presentation, one should:
A. use clear transitions as one moves from point to point. B. not waste time on citing specific data. C. ignore any questions asked in the middle of the presentation. D. field questions at the beginning of the presentation.