If the Accounts Receivable Balance on a Firm's Balance Sheet

question 53

Multiple Choice

If the accounts receivable balance on a firm's balance sheet decreases without any change in credit sales,the operating cycle will

• A)increase due to the increased receivables turnover rate.
• B)decrease because the number of days' sales in receivables will decrease.
• C)remain constant because credit sales are constant.
• D)remain constant because the accounts receivable and inventory periods will be constant.
• E)remain constant because cash collections affect the cash cycle,not the operating cycle.

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Definitions:

Dissociative Identity Disorder

A psychological condition characterized by the presence of two or more distinct personality states within a single individual.

Dissociative Amnesia

A psychological condition characterized by temporary memory loss, often associated with traumatic events, excluding forgetfulness from organic disorders.

Dissociative Fugue

A psychological state in which a person loses awareness of their identity or other important autobiographical information and also engages in unexpected travel.

Schizophrenic Disorder

A chronic mental health disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.