Which of the Following Actions Is Least Likely to Increase

question 168

Multiple Choice

Which of the following actions is least likely to increase a company's accounts receivable turnover?

• A) Encouraging customers to use bank credit cards, such as Visa and MasterCard, rather than other national credit cards, such as American Express.
• B) Offer customers larger cash discounts for making early payments.
• C) Borrowing money, pledging accounts receivable as collateral.
• D) Sell accounts receivable to a factor.

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Definitions:

Binomial Formula

A mathematical formula used to determine the number of successes in a fixed number of trials in a binomial experiment, given the probability of success in each trial.

Independent

Refers to a variable in an experiment or study that is purposely manipulated or changed to observe its effect on other variables.

Successful Operations

Activities or series of activities within a process which achieve the intended goals or objectives efficiently and effectively.

Poisson Approximation

A statistical technique used to approximate the probabilities of events with a very low probability over a large number of trials.