An Increasing Average Receivables Collection Period Indicates

question 11

Multiple Choice

An increasing average receivables collection period indicates

• A) the firm is generating more income.
• B) accounts receivable are going down.
• C) the company is becoming more efficient in its collection policy.
• D) the company is becoming less efficient in its collection policy.

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Definitions:

Founding Team

The group of individuals who start a company, contributing to its initial strategy, vision, and product development.

Technical Skills

Abilities and knowledge in a specific field, particularly related to science, engineering, technology, or mechanics, often requiring specialized training.

Financial Stability

A state where the financial system, institutions, markets and infrastructure operate effectively and efficiently, withstanding shocks and avoiding crises.

Homogeneous

Composed of parts or elements that are all of the same kind; not heterogeneous or mixed.