Which of the Following Is Not Correct for a Firm

question 14

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

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Definitions:

Poverty

A socioeconomic condition characterized by a lack of financial resources or means necessary to meet basic needs such as food, shelter, and healthcare.

Afrocentricity

An approach that emphasizes the importance of African culture, values, and perspectives in the analysis of social and political phenomena.

Minority

A group within a society that is differentiated by racial, religious, ethnic, linguistic, or cultural attributes and often has fewer members than the majority group.

Gestures

Physical movements, often of the hands or body, that express an idea, sentiment, or attitude.