Axle Co'S Accounts Receivable Turnover Was 9

question 64

Multiple Choice

Axle Co.'s accounts receivable turnover was 9.9 for this year and 11.0 for last year.Betterman's turnover was 9.3 for this year and 9.3 for last year.These results imply that:

• A)Betterman has the better turnover for both years.
• B)Axle has the better turnover for both years.
• C)Betterman's turnover is improving.
• D)Axle's credit policies are too loose.
• E)Betterman is collecting its receivables more quickly than Axle in both years.

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Definitions:

Priming

A technique in psychology used to train people's memory in both positive and negative ways by presenting them with one stimulus to influence their response to another stimulus.

Encoding

The initial process of converting information into a form that can be stored in memory, involving sensory input being turned into meaningful data.

Implicit Memory

A form of memory that allows us to carry out activities without consciously recalling past encounters.

Explicit Memory

A type of long-term memory that involves the conscious recollection of factual information, previous experiences, and concepts.