________ Typically Lead(s)sales;________ Typically Lag(s)sales

question 17

Multiple Choice

________ typically lead(s) sales;________ typically lag(s) sales.

• A)Production;receivables
• B)Collections;purchases
• C)Receipts;production
• D)Purchases;collections

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Definitions:

Contract

An agreement between two or more parties that holds legal validity and can be enforced in a court of law.

Disregard

To pay no attention or too little attention to; to ignore or overlook intentionally.

Down Payment

A portion of the purchase price paid to the seller at the time of sale.

Deposit

Money given in advance as security or part payment, indicating commitment to a purchase or agreement and may be refundable under specific conditions.