Which of the Following Terms Would Tend to Minimize a Firm's

question 109

Multiple Choice

Which of the following terms would tend to minimize a firm's investment in accounts receivable?

• A) net 15
• B) net 30
• C) 1/15 net 45
• D) 2/10 net 30

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Definitions:

Government Policy

A course of action or a set of decisions adopted by a government or a political entity to influence or guide a wide range of activities and behaviors.

Equitable Remedy

A form of legal relief sought in a lawsuit that requires a party to act or refrain from acting, rather than merely paying damages.

Statutory Law

Laws that have been written and enacted by a legislative body, as opposed to common law developed by courts.

Legislative Bodies

Legislative Bodies are formal assemblies or groups vested with the authority to make, amend, and repeal laws, such as parliaments or congresses.