Which One of the Following Will Decrease the Operating Cycle

question 62

Multiple Choice

Which one of the following will decrease the operating cycle?

• A)Paying trade payables faster.
• B)Discontinuing the discount given for early payment of a trade receivables.
• C)Decreasing the inventory turnover rate.
• D)Collecting trade receivables faster.
• E)Increasing the trade payables turnover rate.

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Definitions:

Richard Nixon

The 37th President of the United States, serving from 1969 to 1974, known for significant foreign policy achievements and the Watergate scandal leading to his resignation.

Presidential Succession

Presidential succession is the order in which officials of the United States government assume the powers and duties of the president in the event that the president is unable to serve due to death, resignation, removal, or incapacitation.

Speaker of the House

The presiding officer of the United States House of Representatives, responsible for leading the House's legislative agenda and functions.

Twenty-Fifth Amendment

An amendment to the U.S. Constitution that outlines the procedures for presidential succession and the replacement of a vice president.