Indicate Whether Each of the Following Statements Is True or False

question 2

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)The higher the accounts receivable turnover ratio,the longer is a company's cash collection period.
_____ b)The accounts receivable turnover ratio is measured as the amount of sales divided by accounts receivable.
_____ c)The average days to collect accounts receivable is measured as 365 divided by the accounts receivable turnover ratio.
_____ d)The higher the average days to collect accounts receivable,the greater is the amount of cash collection.
_____ e)The higher the average days to collect accounts receivable,the faster is the cash inflow from accounts receivable.

---

Definitions:

Research and Development

A systematic activity combining both basic and applied research, aimed at discovering solutions to problems or developing new goods and knowledge.

Communications Departments

A division within an organization tasked with managing internal and external communication, including public relations and media strategies.

Quid Pro Quo

A Latin term for an exchange where something is given with the expectation of receiving something in return, often used in legal and business contexts.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature in the workplace or academic setting.