A High Receivable Turnover Indicates That

question 3

Multiple Choice

A high receivable turnover indicates that

• A) many customers are defaulting on their debts.
• B) a large proportion of the company's sales is on cash.
• C) the company's inventory is moving very quickly.
• D) customers are making payments very quickly.

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Definitions:

Public Information

Data, facts, or insights that are disseminated to the public, typically by governments, organizations, or individuals, to keep them informed about activities, policies, or developments.

Intranets

Private networks used within an organization, designed to facilitate information sharing, collaboration, and communication among employees.

Computer Systems

Electronic systems that process, store, and communicate data, consisting of hardware (physical components) and software (programs and applications).

Operational Effectiveness

The ability of an organization to perform activities efficiently and effectively, maximizing the value of resources used.