A Fall in the Price of Flour,used in Making Cakes,is

question 71

Multiple Choice

A fall in the price of flour,used in making cakes,is likely to ________ of cakes.

• A) increase the supply
• B) decrease the supply
• C) increase the quantity supplied
• D) decrease the quantity supplied

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Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.

Net Credit Sales

The total value of sales made on credit during a period, minus any sales returns or allowances.

Accounts Receivable

Outstanding payments from clients or customers to a company for delivered goods or services that remain unpaid.