Which of the Following Is True

question 118

Multiple Choice

Which of the following is true?

• A) Accounts receivable fall as companies sell on credit.
• B) Accounts receivable rise as companies receive payment.
• C) Receivables turnover refers to how fast receivables are collected.
• D) Days to Collect will increase as the receivables turnover increases

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Definitions:

Federal Level

pertains to governmental authority and activities that are conducted at the national level, as opposed to state or local levels.

Interpretive Rules

Regulations issued by administrative agencies to clarify the meaning of existing laws or procedures.

Compliance

The act of adhering to laws, regulations, guidelines, and standards set by governmental bodies or industry organizations.

Administrative Law Judge

An official who presides over government agency hearings and makes decisions on disputes involving administrative law.