Which of the Following Actions Will Tend to Decrease the Accounts

question 23

Multiple Choice

Which of the following actions will tend to decrease the accounts receivable period?
I. loosening the standards for granting credit to customers
II. increasing the discount for early payment by credit customers
III. increasing the finance charges applied to all customer balances outstanding over thirty days
IV. granting discounts for cash sales

• A) I and III only
• B) II and IV only
• C) I, II and IV only
• D) II, III and IV only
• E) I, II, III and IV

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Definitions:

Environmental Quality

The condition or state of the environment based on various factors such as air and water purity, and the presence of pollutants or contaminants.

Fishery Collapse

A rapid decline in a fishery’s population because its fish are being harvested faster than they can reproduce.

Population Growth

The increase in the number of individuals in a population, usually measured as a percentage of the total population.