An Increase in the Accounts Receivable Turnover May Be Due

question 176

True/False

An increase in the accounts receivable turnover may be due to a change in how credit is granted and/or in collection practices.

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Definitions:

Medium Of Exchange

A device or mechanism designed to assist in the buying, selling, or exchanging of products among individuals or groups.

American Dollar

The official currency of the United States, also known as the USD or US Dollar.

Members

Individuals who are part of an organization, group, or body, contributing to and benefitting from its activities and objectives.

FDIC

Stands for the Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per insured bank.