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

question 84

True/False

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

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Definitions:

Business Development Manager

A professional responsible for creating growth opportunities and developing strategies for an organization.

Communication

The process of exchanging or transmitting thoughts, messages, or information through speech, writing, signals, or behaviors.

Sales Team

A group of individuals working together with the aim to sell products or services, targeting achieving sales goals.

Person-Focused

Emphasizing the importance of individual traits, skills, and interests in various contexts, such as work or therapy.