Indicate Whether Each of the Following Statements Is True or False

question 84

Short Answer

Indicate whether each of the following statements is true or false.
_____ a) The higher the accounts receivable turnover ratio, the longer is a company's cash collection period.
_____ b) The accounts receivable turnover ratio is measured as the amount of accounts receivable divided by Sales.
_____ c) The average days to collect accounts receivable is measured as 365 divided by the accounts receivable turnover ratio.
_____ d) The higher the average days to collect accounts receivable, the greater is the amount of cash collection.
_____ e) The lower the average days to collect accounts receivable, the faster is the cash inflow from accounts receivable.

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Definitions:

Bodily Responses

Physical reactions or changes in the body that occur in response to stimulus or emotional states, such as increased heart rate or sweating.

Cannon-Bard

A theory of emotion that proposes that emotions and bodily changes occur simultaneously, rather than one causing the other.

Emotional Learning

The process of acquiring and understanding emotions, and the ability to recognize and manage one's own and others' emotions.

Seligman

Martin Seligman, a psychologist renowned for his work on the theory of learned helplessness, positive psychology, and well-being.