Suppose a Firm Has Seasonal Sales and Customers That All

question 101

Multiple Choice

Suppose a firm has seasonal sales and customers that all pay promptly at the end of 30 days.Which of the following statements is NOT correct?

• A)DSO will vary from month to month.
• B)The quarterly uncollected balances schedule will be the same in each quarter.
• C)The level of accounts receivable will be constant from month to month.
• D)The ratio of accounts receivable to sales will vary from month to month.

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