To Reduce the Lag on Collection of Accounts Receivable, a Company

question 45

Multiple Choice

To reduce the lag on collection of accounts receivable, a company might

• A)offer a discount if customers pay quickly.
• B)charge interest if customers delay payment.
• C)use the accounts receivable as a basis for external financing.
• D)sell only for cash.
• E)all of the above

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Definitions:

Playing with Numbers

Refers to engaging in mathematical calculations or analysis, often in a non-serious or exploratory manner.

Percentages

A fraction or ratio expressed as part of one hundred, used to quantify relative proportions or to compare values.

Computer Scoring

The evaluation or grading of responses, such as essays or test answers, by computer algorithms rather than human graders.

Machine Scoring

The use of computer algorithms to automatically evaluate and grade written responses, tests, or performances.