Which of the Following Statements Is NOT CORRECT

question 43

Multiple Choice

Which of the following statements is NOT CORRECT?

• A) A company may hold a relatively large amount of cash and marketable securities if it is uncertain about its volume of sales,profits,and cash flows during the coming year.
• B) Credit policy has an impact on working capital because it influences both sales and the time before receivables are collected.
• C) The cash budget is useful to help estimate future financing needs,especially the need for short-term working capital loans.
• D) If a firm wants to generate more cash flow from operations in the next month or two,it could change its credit policy from 2/10,net 30 to net 60.
• E) Managing working capital is important because it influences financing decisions and the firm's profitability.

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Definitions:

Maryland

A state in the eastern United States, known for its waterways and coastlines on Chesapeake Bay and the Atlantic Ocean.

Religious Toleration

The acceptance of diverse religious beliefs and practices without persecution or discrimination.

Act Concerning Religion

Refers to the Maryland law passed in 1649 that guaranteed religious freedom to all Christians, also known as the Maryland Toleration Act.

Religious Toleration

The acceptance and allowance of different religious beliefs and practices without persecution.