Which of the Following Is Not Correct for a Firm

question 29

Multiple Choice

Which of the following is not correct for a firm with seasonal sales and customers who all pay promptly at the end of 30 days?

• A) DSO will vary from month to month.
• B) The quarterly uncollected balances schedule will be the same in each quarter.
• C) The level of accounts receivable will be constant from month to month.
• D) The ratio of accounts receivable to sales will vary from month to month.
• E) The level of accounts receivable at the end of each quarter will be the same.

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Definitions:

Infectious Diseases

Diseases caused by pathogens like bacteria, viruses, fungi, or parasites that can spread directly or indirectly from one person to another.

Conscientious

Characterized by the desire to do one's work or duties well and thoroughly, often associated with a sense of responsibility and diligence.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Intrusive Memories

Unwanted, involuntary memories that are distressing and commonly associated with traumatic events.