Since Receivables and Payables Both Result from Sales Transactions, a Firm

question 8

True/False

Since receivables and payables both result from sales transactions, a firm with a high receivables-to-sales ratio must also have a high payables-to-sales ratio.

---

Definitions:

Children

Young human beings below the age of puberty or below the legal age of majority.

Adult

A person who has reached maturity or the legal age of majority, typically characterized by physical growth completion and the assumption of responsibilities.

Earmarks

Earmarks are provisions within legislation that allocate funds to specific projects, often without passing through the typical competitive or merit-based allocation processes.

Randy "Duke" Cunningham

A former United States Congressman who was convicted of accepting bribes from defense contractors.