If Accounts Receivable Stays the Same, and Credit Sales Go

question 55

Multiple Choice

If accounts receivable stays the same, and credit sales go up

• A) the average collection period will go up.
• B) the average collection period will go down.
• C) accounts receivable turnover will decrease.
• D) B and C

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Definitions:

Self-Regulate

The ability of an individual to manage and adjust their emotions, behaviors, and thoughts towards achieving long-term goals.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.

Society

A community of people living together in a more or less ordered community, sharing customs, laws, and organizations.

Circumstances

The conditions or facts affecting a situation, decision, or event.