Which of the Following Accounts Will Not Rise Spontaneously with an Increase

question 35

Multiple Choice

Which of the following accounts will not rise spontaneously with an increase in sales?

• A)Accounts payable
• B)Accrued wages
• C)Accrued taxes
• D)Accounts receivable
• E)Notes payable

Understand the process and consequences of contacting creditors about payment issues.

Grasp the importance of receiving verification of debt and how to respond to unverified debt claims.

Understand the role and regulations of debt collection practices and consumer rights under relevant laws.

Recognize factors and behaviors that lead to excessive indebtedness and its impacts.

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Definitions:

Bonding Cashiers

A risk management practice where cashiers are insured against the risk of theft or embezzlement.

Property Insurance

Coverage that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.

Days' Sales Uncollected

A financial ratio that shows the average number of days it takes for a company to collect payment after a sale has been made.

Accounts Receivable

Receivables from clients for goods or services a company has provided but has not yet received payment for.