Use the Following to Answer Question(s): the Supply of Music

question 23

Multiple Choice

Use the following to answer question(s) : The Supply of Music Downloads

-(Exhibit: The Supply of Music Downloads) A decrease in the price of music licenses sold by music companies to online sites would result in a change illustrated by:

• A) the move from n to o in Figure (a).
• B) the move from p to q in Figure (b).
• C) the move from s to t in Figure (c).
• D) the move from u to v in Figure (d).

---

Definitions:

Days' Sales Uncollected

A financial metric indicating the average number of days it takes a company to collect payment after a sale is made.

Accounts Receivable

Amounts owed to a company by customers for goods or services provided on credit, considered an asset on the balance sheet.

Net Sales

Revenue from goods or services sold, subtracting returns, allowances for damaged or missing goods, and discounts.

Bank Reconciliation

The process of verifying the balance of a company's bank accounts with their financial records, identifying any discrepancies that may exist.