The Amount of a Company's Receivables Is Influenced by Several

question 93

Multiple Choice

The amount of a company's receivables is influenced by several variables,including all of the following except:

• A)The level of sales.
• B)The nature of the product or service sold.
• C)The credit and collection policies.
• D)Dividend payments to stockholders.

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Definitions:

Sale of Goods

The sale of goods is a commercial transaction where the ownership of tangible personal property is transferred from seller to buyer for a price.

Unilateral Contract

A contractual agreement in which one party makes a promise in return for an act by another party.

Offeror

The offeror is the party in a contract who presents the terms of the offer to another party for acceptance, potentially leading to an agreement.

Performance

In legal terms, performance refers to the act of completing the duties or fulfilling the obligations specified in a contract.