The Effect of a Change in a Firm's Credit Terms

question 73

Multiple Choice

The effect of a change in a firm's credit terms from "net 30" to "2/10, net 30" on its own balance sheet is likely to be ____.

• A) decreased accounts receivable
• B) increased accounts receivable
• C) decreased accounts payable
• D) increased accounts payable

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Definitions:

Mandarin

A major group of Chinese dialects spoken across northern and southwestern China, also the official state language of China.

Cultural Intelligence

The capability to relate and work effectively across cultures.

Cultural Awareness

Understanding and respecting diverse cultural backgrounds and practices, often emphasized as crucial in global interactions and organizations.

Cross-Cultural Interactions

refer to the engagements and relationships between individuals from different cultural backgrounds, which can encompass communication styles, values, and behavioral expectations.