If the cash discount period is increased, a firm's investment in accounts receivable is expected to ________
A) increase because existing customers attracted by the new policy will buy more products
B) decrease because of non–discount takers paying earlier to avail the cash discount
C) decrease because discount takers will pay more in order to get more discount
D) decrease because new customers will doubt the quality of product due to increase in discount
B
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Answer the following statements true (T) or false (F)
1.Approximately 25% of our everyday talk is devoted to letting others know our thoughts and feelings. 2.Our culture influences our beliefs about the nature and value of conversation. 3.Personal relationships depend on conversation. 4.Besides being a social lubricant, conversation helps build empathy and collaboration. 5.A good conversationalist also has a curious mind-set.
Some readers skim the contents of a report; consequently—
a. Visual representations of data lose their impact. b. The writer should be especially alert to possible distortion of data in visuals. c. The writer should minimize the written analysis of the data. d. The writer can appropriately present the entire report in PowerPoint slides.
A reversing entry ________
A) is required by GAAP B) is dated the last day of an accounting period C) exactly resembles the prior adjusting entry prepared in the books D) switches the debit and the credit of a previous entry
________ inform employees of the ingredients and hazards of dangerous materials, safe handling, use and storage, and the first-aid steps to take in the event of exposure.
A. Employee assistance programs B. Loss-control programs C. Safety data sheets D. Right-to-Know laws