Accounts receivable is the amount owed the firm by its suppliers.
Answer the following statement true (T) or false (F)
False
Accounts receivable is the amount owed the firm by its customers. The accounts receivable amount will depend on the firm's credit policy and its ability to deliver product in a timely manner.
You might also like to view...
Customer relationship management programs are also known as
A. loyalty programs. B. twelve-step programs. C. incentive programs. D. transitional programs. E. sustaining programs.
Which of the following would be classified as a prime cost?
A) cost of direct materials used B) depreciation on factory equipment C) salary of sales personnel D) depreciation on office furniture
Taking action to satisfy the other party’s needs and concerns is known as:
A) Assertiveness B) Cooperativeness C) Supportiveness D) Aggressiveness
Since common stockholders are the true owners, preferred stockholders' dividends are deducted from net income before computing _____.
A. the debt ratio B. the current ratio C. return-on-equity D. earnings per share