The Fact That No Explicit Interest Is Paid on Accruals,and

question 56

True/False

The fact that no explicit interest is paid on accruals,and that the firm can vary the level of these accounts,makes accruals an attractive and flexible source of funding to meet increased working capital needs.

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Definitions:

Frequency Bar Chart

A graphical representation using bars to show how often each different value in a set of data occurs.

Car Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary.

Overall Service

A term referring to the totality of services provided by an organization, assessed based on quality, efficiency, and customer satisfaction.

Pie Chart

A pie chart segmented into slices to illustrate the percentages of a total.