A company increasing its credit terms for customers from 1/10, net 30 to 1/10, net 60 will most likely experience:
A. an increase in cash on hand.
B. a higher level of uncollectible accounts.
C. an increase in the average collection period.
Ans: C. an increase in the average collection period.
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When we say that organizations are social inventions we mean that
A) physical assets and implements of technology are irrelevant to organizations. B) they must have both people and things to be considered organizations. C) the existence of organizations is what differentiates humans from animals. D) they don't really exist. E) organizations don't exist without members.
In analyzing the financial statements of a company, a single item on the financial statements
a. should be reported in bold-face type. b. is more meaningful compared to other financial information. c. is significant only if it is large. d. should be accompanie