Which of the Following Changes Would Result in Higher Receivables

question 218

Multiple Choice

Which of the following changes would result in higher receivables?

• A)Tightening credit policy
• B)An increase in the net period of the terms of sale
• C)An increase in the prompt payment discount offered
• D)All of the above

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Definitions:

Central Location

A statistical term referring to the center or typical value of a distribution, often measured by the mean, median, or mode.

Ordinal

Relating to an order or sequence; typically referring to data that can be ranked but the intervals between values are not uniform.

Negatively Skewed

Describes a distribution of data where the tail on the left side of the distribution is longer or fatter, indicating that the bulk of the values are concentrated on the right.

Proportion

A statistical measure indicating the fraction of a whole that is made up by a certain characteristic or subset.