Which of the Following Statements Is Correct

question 79

Multiple Choice

Which of the following statements is correct?

• A)If credit sales as a percentage of a firm's total sales increases, and the volume of credit sales also increases, then the firm's accounts receivable will automatically increase.
• B)It is possible for a firm to overstate profits by offering very lenient credit terms that encourage additional sales to financially weak firms. A major disadvantage of such a policy is that it is likely to increase uncollectible accounts.
• C)Firms use seasonal dating primarily to decrease their DSO.
• D)Seasonal dating with terms 2/15, net 30 days, with April 1 dating, means that if the original sale took place on February 1, the customer can take the discount up until March 15, but must pay the net invoice amount by April 1.

Recognize the role of antioxidants and dietary restrictions in potentially influencing lifespan and health span.

Explain the mechanisms and theories behind cell senescence and the limits of cell division.

Understand the physical changes associated with aging and how they impact health and daily living.

Understand the dynamics of peer relationships and friendship development among children.

---

Definitions:

Decision-Making Criteria

The standards or principles used to evaluate and choose between different options or courses of action.

Manual System

A system or process that is operated or managed by human hands, without the use of automated or electronic devices.

Transmittal Document

A document that accompanies a shipment or delivery of goods, detailing the contents and instructions.

Formal Report

A structured document that presents information and analysis to assist in decision-making, often including sections such as an executive summary, methodology, findings, and conclusions.