Which of the Following Is Not Necessarily True? Increasing the Cash

question 47

Multiple Choice

Which of the following is not necessarily true? Increasing the cash discount which a firm offers to its debtors for prompt payment will:

• A)reduce the average collection period.
• B)increase the net profit of the firm.
• C)reduce average accounts receivable.
• D)All of the statements are true.

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Definitions:

Agriculture

The practice of cultivating the land and raising livestock to produce food, fiber, and other products.

Groundwater Contamination

Groundwater contamination occurs when pollutants, from sources like industrial waste, agricultural chemicals, or improper waste disposal, percolate into natural groundwater sources, making it unsafe for consumption and the environment.

Hazardous Waste

Waste that poses substantial or potential threats to public health or the environment due to its toxicity, chemical reactivity, flammability, or other characteristics.

Residential Wells

Small-scale water extraction facilities located on private property used primarily to supply water to individual homes or small communities.