Law'N'Order Industries Recently Changed the Terms It Offers Its Customers

question 137

Multiple Choice

Law'N'Order Industries recently changed the terms it offers its customers from 2/10 net 30 to 3/20 net 40. By its action, the firm has ______________.

• A) Shortened its customers' cash cycle.
• B) Lengthened its customers' receivables period.
• C) Lengthened its customers' cash cycle.
• D) Shortened its customers' payables period.
• E) Shortened its customers' credit period.

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Definitions:

Eukaryotic Cells

Cells that contain a nucleus enclosed within membranes, distinguishing them from prokaryotic cells; they make up plants, animals, fungi, and protists.

Cell Theory

A fundamental theory in biology stating that all living things are made up of cells, that the cell is the basic unit of life, and that all cells arise from pre-existing cells.

Basic Similarities

Fundamental aspects that are common or shared between entities, enabling a comparison or understanding of their basic nature.

Small Cell Size

An attribute of cells that allows for a larger surface area relative to volume, facilitating efficient nutrient and waste product exchange.