Henry Has Received Notice from a Supplier That All Invoices

question 3

Multiple Choice

Henry has received notice from a supplier that all invoices must be paid within 30 days rather than 60 days as previously given. Which of the following will be impacted by this change?

• A) Inventories
• B) Raw materials inventory
• C) Accounts receivable
• D) Capital expenditures
• E) Cash flow

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Definitions:

Between

Pertaining to comparisons or analyses conducted on distinct and separate groups or categories.

Z-scores

A statistical measure that describes a value's relationship to the mean of a group of values, represented in terms of standard deviations from the mean.

Standard Normal Distribution

A probability distribution with a mean of zero and a standard deviation of one, represented by the bell curve.

Z-scores

Standard scores that indicate how many standard deviations an element is from the mean, used to compare data points across different scales or distributions.