If a Company Did Not Extend Credit to Customers

question 125

Multiple Choice

If a company did not extend credit to customers:

• A)gross revenue would increase.
• B)costs would increase but so would its revenue.
• C)costs would decrease but so would its revenue.
• D)gross profit would increase.

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Definitions:

Benadryl

An over-the-counter medication known generically as diphenhydramine, used to relieve symptoms of allergy, hay fever, and the common cold.

Decimals

Numerical symbols used in the decimal number system to represent fractions of ten, fundamental in mathematics for expressing precise values.

Mixed Fraction

A whole number and a fraction combined into one “mixed” number.

Improper Fraction

A fraction where the numerator (the top number) is greater than or equal to the denominator (the bottom number).