Optimal credit policy is one in which the
A) increased cash flow from sales equals the carrying cost of accounts receivable.
B) sales of a firm are maximized.
C) increased profit from sales equals the costs of carrying and administering accounts receivable.
D) customers pay their bills on time, without exception.
E) costs of taking a trade discount equal its benefits.
C
Business
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A positive deviational variable is the amount by which a goal level is:
A) underachieved. B) exceeded. C) minimized. D) maximized.
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Space parity checking can detect
a. any time a mark changes to a space in a byte b. any time a space changes to a mark in a byte c. any time the parity bit changes from a space to a mark d. any time the parity bit changes from a mark to a space
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