Which of the Following Is NOT Correct for a Firm

question 94

Multiple Choice

Which of the following is NOT correct for a firm with seasonal sales and customers that 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.

---

Definitions:

Phenomenological Approach

A qualitative research approach that aims to describe and understand individuals' lived experiences and the meanings they attach to them, emphasizing subjective perspectives.

Conscious Experience

Refers to the awareness of one's own thoughts, feelings, and perceptions in the present moment.

Free Will

The concept or belief that humans have the capacity to choose or act upon their own volition without being controlled by fate or divine intervention.

Cognitive Theories

Theories in psychology that emphasize internal mental processes as the key to understanding human behavior, including how we process information, solve problems, and make decisions.