Which of the following actions will tend to decrease

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Financial Accounting: The Impact on Decision Makers
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Chapter 13 / Exercise 3
Financial Accounting: The Impact on Decision Makers
Norton/Porter
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31. Which of the following actions will tend to decrease the accounts receivable period? I. loosening the standards for granting credit to customers II. increasing the discount for early payment by credit customers III. increasing the finance charges applied to all customer balances outstanding over thirty days IV. granting discounts for cash sales A. I and III only B. II and IV only C. I, II and IV only D. II, III and IV only E. I, II, III and IV
Difficulty level: Medium Topic: Accounts Receivable Period 32. An increase in which one of the following is most apt to be an indicator of an accounts receivable policy that is too restrictive?
Difficulty level: Easy Topic: Accounts Receivable Period 33. If you delay paying your suppliers by an additional ten days, then:
Difficulty level: Medium Topic: Accounts Payable Period 18-47
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The document you are viewing contains questions related to this textbook.
Financial Accounting: The Impact on Decision Makers
The document you are viewing contains questions related to this textbook.
Chapter 13 / Exercise 3
Financial Accounting: The Impact on Decision Makers
Norton/Porter
Expert Verified
Chapter 18 - Short-term finance and planning 34. Which one of the following will increase the accounts payable period, all else constant?
Difficulty level: Easy Topic: Accounts Payable Period 35. Which one of the following managers is most likely in charge of establishing the accounts receivable policy? A. Purchasing manager B. Controller C. Credit manager D. Payables manager E. Production manager
Difficulty level: Easy Topic: Short-Term Financial Management 36. The manager responsible for the accounting information concerning cash flows is the:
Difficulty level: Easy Topic: Short-Term Financial Management 18-48
Chapter 18 - Short-term finance and planning 37. Flexible short-term financial policies tend to:
Difficulty level: Easy Topic: Short-Term Financial Policy

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