How Would the Collection of an Account Receivable Affect the Current

question 43

Multiple Choice

How would the collection of an account receivable affect the current ratio and the quick ratio,respectively?

• A)No effect on current ratio;increase in quick ratio
• B)Increase in current ratio;increase in quick ratio
• C)No effect on current ratio;no effect on quick ratio
• D)Decrease in current ratio;decrease in quick ratio

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Definitions:

Abstract Symbols

Representations that stand for ideas or concepts without having a physical form, used in various forms of communication and thought.

Vocal Abilities

The capability to produce sounds using the vocal tract, important for speech and singing in humans.

Linguistic Relativity Hypothesis

The theory that the structure of a language influences its speakers' world view or cognition, suggesting that language and thought are interrelated.

Idealized Prototype Construct

A cognitive representation of a perfect example or ideal model of a particular category or concept.