Increases in Sales Are Typically Accompanied By

question 82

Multiple Choice

Increases in sales are typically accompanied by:

• A)More than proportionate increases in fixed assets
• B)Less than proportionate decreases in debt
• C)More than proportionate decreases in dividends
• D)Less than proportionate increases in working capital

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Definitions:

Credit Sales

Sales transactions where the payment is deferred to a future date, typically allowing the buyer to purchase goods or services on credit.

Vice-president

An officer in a company or institution below the president in rank, who can act in place of the president under certain conditions.

Segregation of Duties

An internal control mechanism designed to reduce the risk of error or fraud by dividing responsibilities among different people in an organization.

Cheque Signer

An authorized individual within an organization who has been given the authority to sign checks on behalf of the company.