A Firm Has Arranged for a Lockbox System to Reduce

question 169

Multiple Choice

A firm has arranged for a lockbox system to reduce collection time of accounts receivable. Currently the firm has an average collection period of 43 days, an average age of inventory of 50 days, and an average payment period of 10 days. The lockbox system will reduce the average collection period by 3 days by reducing processing, mail, and clearing float. The firm's cash conversion cycle

• A) increases by 3 days.
• B) decreases by 3 days.
• C) will not change.
• D) is 93 days.

Understand the nuances of timing and placement of negative news in messages.

Comprehend the types and responses to crisis situations in organizations.

Learn the significance of positive endings in bad-news messages.

Grasp the concept of counterproposals to maintain future relationships.

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Definitions:

Transgendered

Referring to people whose gender identity differs from the sex they were assigned at birth.

Core Gender Identity

A person's fundamental sense of belonging to a specific gender, typically formed by early childhood and deeply held.

Congenital Adrenal Hyperplasia

A genetic disorder affecting the adrenal glands, leading to a production imbalance in certain crucial hormones.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions and processes.