If a firm decided to speed up its collection from its customers by reducing the receivables period and kept the inventory period and payable period the same, then:

A flexible budget is different from a variable budget

Indicate whether the statement is true or false

In analyzing transfer prices, the ________

A) buyer will not willingly purchase a product for less than the incremental costs incurred to manufacture the product internally B) seller will not willingly sell a product for less than the incremental costs incurred to make the product C) buyer will willingly pay more than the ceiling transfer price D) buyer will not pay less than the ceiling transfer price