During 2017,the Accounts Receivable Turnover Ratio for Cordner Company Increased

question 5

Multiple Choice

During 2017,the accounts receivable turnover ratio for Cordner Company increased from 10 to 14 times per year.Which one of the following statements is the most likely explanation for the change?

• A)The company's credit department has followed up with customers whose account balances are past due in order to generate quicker collections.
• B)The company has decreased sales to its most creditworthy customers.
• C)The company has increased the amount of time customers have to pay their accounts before they are past due.
• D)The company has extended credit to more risky customers in order to increase sales.

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Definitions:

Sales Presentation

A detailed pitch or demonstration aimed at persuading potential customers to purchase a product or service, often involving a structured argument and visual aids.

Team Selling Approach

A sales strategy where a group of individuals with different expertise collaborate to meet the specific needs of a customer.

Operating System

is software that manages computer hardware and software resources, providing common services for computer programs.

Straight Commission

A compensation model where employees are paid a percentage of the sales they generate, with no base salary.