A Company with Sales Terms of N/30 Would Prefer a Receivable

question 147

Multiple Choice

A company with sales terms of n/30 would prefer a receivable turnover of:

• A) 2.
• B) 5.
• C) 10.
• D) 20.
• E) All of these choices are equally desirable if sales terms are n/30.

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Definitions:

Introspection Technique

A method used in psychology involving self-observation and reporting of consciousness experiences, aimed at understanding mental states and processes.

Wundt

Wilhelm Wundt is considered the father of experimental psychology; he founded the first formal laboratory for psychological research at the University of Leipzig in 1879.

Tichener's Introspection

A method introduced by Edward Titchener involving the examination of one's own conscious thoughts and feelings, focusing on subjective sensations and emotions.

Cognitive Ability

The capacity to perform mental processes related to learning, problem-solving, decision-making, and similar intellectual tasks.