The Longer the Firm's Accounts Payable Period,the

question 51

Multiple Choice

The longer the firm's accounts payable period,the:

• A) longer the firm's cash cycle.
• B) greater the delay in the accounts receivable period.
• C) less the firm must invest in net working capital.
• D) shorter the firm's inventory period.

Analyze the role of target return-on-investment (ROI) in setting prices.

Recognize the importance of customary pricing in certain markets.

Comprehend how businesses utilize pricing to achieve specific financial objectives.

Understand the concept of price setting in response to market or competitor actions.

---

Definitions:

Total Revenue

The aggregate revenue a corporation generates from the sale of goods or provision of services in a designated period.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Demand Schedule

A table that lists the quantity of a good that consumers are willing to purchase at various prices.