An Accounts Receivable Turnover That Is Too High May Indicate

question 141

True/False

An accounts receivable turnover that is too high may indicate that credit is too tight,causing the loss of sales to good customers.

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Definitions:

License Requirement

The need to obtain official permission to engage in certain professions, activities, or to use specific titles.

Raise Money

The act of gathering funds from various sources for the purpose of financing a project, venture, or organization.

Protect the Public

Measures, laws, or actions taken to safeguard the welfare and safety of the general public, typically in the context of health, safety, and security.

Payments

The act of transferring money or other consideration from one party to another as fulfillment of an obligation or purchase.