If Immigration Consists of Mainly High-Skilled Workers, Then A(n) _______

question 47

Multiple Choice

If immigration consists of mainly high-skilled workers, then a(n) _______ in immigration will _______
The wages of high-skilled workers.

• A) increase, increase
• B) increase, not affect
• C) decrease, decrease
• D) decrease, increase

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Definitions:

Average Collection Period

The average number of days it takes for a business to collect its accounts receivable.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Sales on Account

Transactions in which revenue is accounted for at the time of sale, but payment is deferred to a later date.

Operating Cycle

The period between the acquisition of inventory and the collection of cash from receivables, indicating the efficiency of a company's operations.