The Use of Credit and Debit Cards Is Decreasing While

question 74

True/False

The use of credit and debit cards is decreasing while the usage of cash and checks is increasing.

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Definitions:

Annual Earnings

The total profit a company generates in one fiscal year before taxes and other deductions.

Accounts Receivable Turnover

A measure of how frequently during the year the accounts receivable are being converted to cash, computed as sales divided by average accounts receivable.

Collection Practices

The methods employed by a business or collection agency to obtain payment from debtors for bills or loans that are overdue.

Return on Common Stockholders' Equity

A financial ratio that measures the profitability of a company in generating profit from its shareholders' investments, specific to common stock.