A Company's Number of Days to Collect Is Higher Than

question 70

Multiple Choice

A company's number of days to collect is higher than the length of credit period.Analysts might conclude:

• A)customers are dissatisfied with the product or service they bought.
• B)the company is effectively managing its receivables.
• C)the company has begun estimating the amount of uncollectibles using percentage of net sales rather than aging the receivables.
• D)the company's payment terms have been tightened and customers are paying within the payment period granted.

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Definitions:

Middle-aged Adults

Persons typically between the ages of 40 and 65, experiencing transitions in physical, emotional, and social development.

Generativity

Erikson's theory term for the stage of adulthood focused on guiding the next generation or contributing to the well-being of others through creativity, productivity, and nurturing.

College-educated Women

refers to females who have completed a college degree or higher education, often leading to different economic, social, and personal opportunities and challenges.

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire to maintain positive social relationships.