Indicate the most likely effect of the following changes in credit policy on the receivables turnover ratio ( + for increase, − for decrease, and NE for no effect).
a. Granted credit with shorter payment deadlines.
b. Increased effectiveness of collection methods.
c. Granted credit to less creditworthy customers.
Answers
a. Granted credit with shorter payment deadlines: + Granting credit with shorter payment deadlines is likely to have a positive effect on the receivables turnover ratio.
Shorter payment deadlines mean that customers will have to pay their outstanding balances sooner, resulting in faster collection of receivables. This leads to a higher turnover ratio, indicating that receivables are being collected more quickly.
b. Increased effectiveness of collection methods: +
If collection methods become more effective, it is likely to have a positive effect on the receivables turnover ratio. Improved collection methods can result in faster payment from customers, reducing the average collection period. This leads to a higher turnover ratio, indicating more efficient collection of receivables.
c. Granted credit to less creditworthy customers: −
Granting credit to less creditworthy customers is likely to have a negative effect on the receivables turnover ratio. Less creditworthy customers are more likely to delay or default on their payments, leading to longer collection periods. This increases the average collection period and reduces the turnover ratio, indicating slower collection of receivables.
Overall, changes in credit policy can have significant effects on the receivables turnover ratio. Granting credit with shorter payment deadlines and improving collection methods generally increase the turnover ratio, while granting credit to less creditworthy customers tends to decrease it.
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Related Questions
What are other ways that a company can utilize a multigenerational team to their advantage
Answers
A multigenerational team can be used in the following ways by a company in multiple ways. Such teams provides an organisation with more tech savy workforce that has multiple perspectives and eager to learn.
Multiple perspectives - Different generations may have different perspectives on job responsibilities. Sharing perspectives within and across teams brings a diverse set of knowledge and skills to bear on innovation.Problem-solving abilities - Problems are solved creatively by combining multiple perspectives and diverse skills. Life experience shapes how we relate to and interact with others in the face of adversity and conflict. As a result, age-diverse teams can offer a variety of solutions to problems.Learning/mentoring opportunities - The more diverse a team, the more opportunities for people to interact and learn from each other's perspectives. This includes opportunities for mutually beneficial mentoring. Those with more experience can counsel younger employees on career advancement. Furthermore, the recent trend of reverse/cross-generational mentoring allows more junior employees to educate more senior employees on current trends and technology.Knowledge transfer and retention - Each generation's awareness and strengths better prepare the business to meet its future leadership needs. Tacit knowledge is retained within the organisation through a strong internal talent pipeline. Focus is more on in-house promotion and less on recruiting from the outside.Relationships that are one-of-a-kind - Meaningful relationships with coworkers can help employees meet their emotional needs and increase job satisfaction. The organisation's age groups mirror a family structure, providing opportunities for personal connections with those outside of one's own generation.To know more about multigenerational here-
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If I wanted to buy one of 2 items, a bike or a new TV, and after
consideration of my need to get exercise and fresh air, I chose to buy
the bike. Then, my opportunity cost would be the TV.
True
O False
Answers
What is another term for liability?
A. asset
B. notes
C. debt
D. accounts
Answers
Answer:
Another term for liability is debt, because both of these terms are accountable for money charges and assist needed :3
Explanation:
:3
What are four important factors to remember before making a career decision?
Answers
Answer:
To make a career decision you need to focus on four really important things.
1. You should know what interests you and what do you want to keep on pursuing in the future.
2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.
3. Work attitudes, meaning that do you really have the attitude for the work?
4. Training and Education, this means that are you qualified enough for that specific work.
Explanation:hope it helps
All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of each maturity must be disclosedB spread must be disclosedC participation amount of each underwriter must be disclosedD customer must be sent a copy of the Official Statement, if available
Answers
Answer:
D
Explanation:
customer must be sent a copy of the official statement, if available
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per month is $2,100. Her deductions before the change are listed in the table.
Answers
Answer:
$1555
Explanation:
Answer:
1555
Explanation:
Just did the quiz 2021
What can an understanding that tourism involves travel for purposes such as leisure, business, or other reasons and that hospitality involves receiving guests in a way that is welcoming and friendly help define?
Answers
The understanding of tourism which involves travel for purposes such as leisure, business, as well as hospitality can help us to understand the exploration of the world which help relaxation.
What is tourism?Tourism can be described as the process of social, cultural as well as economic phenomenon which involves the movement of people from one place to another which involves the exploration of the world around us.
It should be noted that the act do encourage leisure as well as business which can help to promote the desire of the people.
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the united states is an outlier from its traditional competitors in which demographic way?
Answers
The United State stands out demographically from its traditional competitors due to its higher birth rate, resulting in a younger population on average.
The demographic way in which the United States is an outlier from its traditional competitors is that it has a higher birth rate than most other developed countries. This means that the United States has a younger population on average than its traditional competitors.
What are traditional competitors?
Traditional competitors refer to countries that have similar economic development and are therefore in direct competition with the United States. These countries include Japan, Germany, France, and the United Kingdom. These countries have many similarities in terms of demographics and economic development. For example, they all have aging populations and low birth rates.
What is demographic?
The term demographic refers to the study of human populations in terms of their size, structure, and distribution. This includes factors such as age, gender, ethnicity, income, and education level. Demographic data can be used to understand population trends and make predictions about future population growth and development.
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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answers
Answer: Fresh ingredients
Explanation:
Select the examples that best represent Architecture and Construction customers. Check all that apply.
a supermarket company that wants to build a new store
a company that needs its vehicles to be maintained
a homeowner who wants the house cleaned for a party
a company that cleans up pollution in rivers
a homeowner who wants to remodel the home
a city that wants to repair its roads
Answers
Answer:
Explanation:
1 5 6
The best examples that represents a person that works in construction and architecture are:
a supermarket company that wants to build a new store.a homeowner who wants to remodel the homea city that wants to repair its roadsWhat is architecture?This is a type of job that requires the modeling of houses. Architects are people that are involved in the building and the remodeling of houses and buildings.
A construction worker is a person that works on site. Such people are known to fix roads.
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Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answers
Answer:
Simple Random Sample
Explanation:
The manager of East India Ice Cream Shop keeps track of the number of customers served at different periods of the day in an attempt to plan a schedule for workers that matches the demand for the restaurant's products. By using this tracking system, the manager of East India is utilizing ________ control.
Answers
Answer: Output
Explanation: The output control system refers to one of the organizational control systems which is employed by business strategist and establishment in tracking the progress, growth, flaws and ways whereby an organization can improve, provide better services and ultimately make more revenue. The output control system is focused on that aspect of a business offering which can be quantified, such that executives could analyze the feedback and thus use it as a guide to provide and improve on future projects or services. In the scenario above, data was studied to identify peak periods in other to schedule worker's shift so that the organization would not fall short of workers at the time which they are mostly required.
What is generally TRUE about earning an income?
A. Personal income is not related to the changes in the existing national economy.
B. If a particular career experiences a shortage of workers, companies will offer workers lower salaries.
C. Someone with greater skills in a particular area will often command a bigger income than those with less experience.
D. A person’s level of education will usually not impact their possible earnings in their career.
Answers
Answer:
C. Someone with greater skills in a particular area will often command a bigger income than those with less experience.
Explanation:
quantitative management emphasizes the use of accounting to provide the needed internal controls related to inventory.
Answers
False. Quantitative management is a type of management that emphasizes the use of mathematical and statistical methods to analyze and optimize business processes and decision-making. It is not necessarily focused on the use of accounting to provide internal controls related to inventory.
Inventory management, on the other hand, is concerned with the efficient and effective control of a company's inventory, which includes raw materials, work-in-progress, and finished goods. It involves the tracking and monitoring of inventory levels, as well as the forecasting of future demand and the planning of production and purchasing to meet that demand.
While accounting can certainly be used to provide internal controls related to inventory, it is not the primary focus of quantitative management. Instead, quantitative management typically focuses on the use of data and mathematical modeling to optimize business processes and decision-making, rather than on the use of accounting for internal control purposes.
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"Development has a negative impact on our environment" Motivate why you agree with the
statement
[8]
Answers
industrial lead to water pollution
PLEASE HELP RIGHT NOW
GIVING BRAINLESS!!!!!ONLY IF YOU HELP
Answers
Answer:
1)Flexible hours
2)Redistribution
3)Link
4)foundation
5)Nache
if the price of a good decreased by 3 percent and the total revenue increases, the demand for the product would be:
Answers
That demand for the item might be inelastic elastic units if the price of the good dropped by 3% while the overall revenue increased.
What is revenue vs profit?Both offer a critical perspective on your company. Profit refers to total earnings after subtracting expenses from earnings, whereas revenue refers to income gained through core business. Sales, fee-based income, and property-based income are just a few of the several ways that money might come in.
What is revenue of a company?Revenue is the sum of money that a business receives in return for its products and services, or, in the other direction, the price that a client pays for just a business's products or services.
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Getting money to start and run a business is referred to as obtaining
OA. Collateral
OB. Business
OC. Costs
OD. Financing
Answers
Answer:
C bc process of elimination
Explanation:
Which of the following elements of the promotion mix involves direct inducements offering added value or some other incentive for buyers to enter into an exchange?
Personal Selling?
Publicity?
Sales promotion?
Public relations?
Advertising?
Answers
Sales promotion is a key element of the promotion mix in marketing. It involves offering incentives or inducements to potential buyers to encourage them to make a purchase or take a specific action.
The primary purpose of sales promotion is to create a sense of urgency, provide added value, or offer incentives that differentiate a product or service from competitors.
Sales promotions can take various forms. For example, discounts and coupons provide a reduced price to customers, making the purchase more appealing. Free samples allow customers to try a product before committing to a purchase. Contests and giveaways create excitement and engagement, with the chance to win prizes. Loyalty programs reward customers for their repeat purchases or engagement with a brand.
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Roger has a sufficient income, has never missed a loan or credit payment, and has an adequate credit history. His credit score makes him a very creditworthy consumer. When obtaining a loan, which rate will he most likely get?.
Answers
Roger will get Prime rate when Roger has a sufficient income, has never missed a loan or credit payment, and has an adequate credit history. His credit score makes him a very creditworthy consumer.
Who Determines the Prime Rate?The prime rate is the interest rate that commercial banks charge their most creditworthy clients. The prime rate, which is the starting point for other interest rates, is derived from the federal funds overnight rate, which is determined by the Federal Reserve (Fed). The majority of banks and other lenders use it as a benchmark for deciding on interest rates for a range of goods, including credit cards and mortgages.
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Eastline Corporation had 17,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 6,125 shares. At the time of the stock dividend, the market value per share was $17. The entry to record this dividend is:
Answers
The journal entry to record the declaration of a stock dividend is by debiting the retained earnings and crediting the common stock dividend with equal amounts of $30,625.
What are dividends?
Dividends are the amount allocated to the investors by the company with respect to the shareholdings held by them.
The journal entry for recognizing the transaction is as follows:
Particulars Debit Credit
Retained earnings (6,125 X $5) 30,625
Common stock dividends 30,625
(To record the declaration of dividends
on common stock)
Therefore, the journal entry is explained and recorded as above.
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at the band’s peak of popularity, a signed black diamond poster sold for $500. three years later, the band was almost forgotten, and the poster was worth only $10.
Answers
The annual multiplier is 0.27 and the Annual multiplier in decrease is 73%.
The gross hire multiplier is the ratio of the rate of a real estate funding to its annual condominium profits earlier than accounting for costs consisting of property taxes, insurance, and utilities; GRM is the variety of years the property would take to pay for itself in gross acquired hire.
We need to find the annual multiplier and annual percent of decrease.
The Final value after n years is equal to the Initial value multiplied by the multiplier raised to the number of elapsed years.
m⇒ annual multiplier
Substituting the values we get;
Taking cube root we get;
Hence the annual multiplier is 0.27.
Now We will find the annual percent of decrease.
The annual multiplier is equal to 1 minus the depreciation rate.r ⇒ annual percent in decrease.
Hence, Annual Percent in decrease is 73%.
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Disclaimer:- your question is incomplete, please see below for the complete question.
At the band's peak of popularity, a personally signed Black Diamond poster sold for $500. Three years later the band was almost forgotten and the poster was worth only $10. What were the annual multiplier and annual percent of decrease?
Whenever a customer's check
bounces, what account is credited?
A. Cash Equivalents
B. Accounts Receivable
C. Checks
D. Cash
Answers
This is the right answer
The Environmental Protection Agency is responsible for which of the following? (Check all that apply)
A. Enforcing air quality standards
B. Monitoring air quality
C. Enforcing water quality standards
D. Monitoring water quality
Answers
Answer:
A. Enforcing air quality standards
B. Monitoring air quality
Explanation:
Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.
In the United States of America, the agency which was established by US Congress and saddled with the responsibility of overseeing all aspects of pollution, environmental clean up, pesticide use, contamination, and hazardous waste spills is the Environmental Protection Agency (EPA). Also, EPA research solutions, policy development, and enforcement of regulations through the resource Conservation and Recovery Act.
The Environmental Protection Agency (EPA) is the governmental agency set up to ensure that various industries, factories and people comply with laws and regulations concerning the environment i.e it is an agency established to oversee environmental compliance.
Hence, the Environmental Protection Agency is responsible for;
A. Enforcing air quality standards.
B. Monitoring air quality.
Which of the following database object hold data?
Reports
Tables
Forms
All of the above
Answers
Answer:reports
Explanation:
In the US economy, nearly half of all the workers employed by private firms work at 26,000 large firms that employ more than 300 workers 18,000 firms with fewer than 100 employees 18,000 large firms that employ more than 500 workers. 26,000 firms with fewer than 100 employees.
Answers
The US economy is heavily reliant on private firms, with almost half of all workers employed by these firms.
Interestingly, a large proportion of these workers are employed by just 26,000 large firms that have over 300 workers. Additionally, there are 18,000 firms that have fewer than 100 employees and 18,000 large firms that employ more than 500 workers. This indicates that while there are a few major players in the private sector, there is also a significant number of smaller firms that are contributing to the economy. It's important to note that these smaller firms also play a vital role in job creation and innovation, despite often being overshadowed by their larger counterparts. Overall, the US private sector is diverse and multifaceted, with a range of firms contributing to its overall success and growth.
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to my brother jayjay
Answers
hahahahahhaha
that is very funny i am laughing so hard i am crying
Shawna has added up all her current expenditures and revenues and developed a plan for what she wants to do with all of her cash flow. She has included in this plan some money to put away for her 401k based on what she will need in the future. What is missing from Shawna's actions to make sure this is a sound financial plan?
Group of answer choices
Shawna needs to make sure she revisits this plan on an ongoing basis.
Shawna needs to invest. You can't have a sound financial plan without investing.
Shawna needs to consult with a financial advisor to make sure she has not missed any details.
Shawna should begin speculating on the market to potentially grow her extra income quickly.
Answers
Answer:
Shawna needs to consult with a financial advisor to make sure she has not missed any details.
The correct answer is Shawna needs to consult with a financial advisor to make sure she has not missed any details.
What is financial advisor?A financial consultant is a professional who is paid to offer financial advice to clients. Just as you would hire an engineer to make a plan for your home, you hire an economic advisor to construct a plan for your finances. It's all about paying someone for the expertise you need to reach detailed goals.Having a good connection with a financial consultant will not only set you up financially. They can help make conclusions on major life changes like how greatly maternity leave can you afford to take when having a baby. They can also help maintain you on track financially when life throws you curve proms such as redundancy.To learn more about financial advisor, refer to:
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how does the concept of demand and supply help a student?
Answers
Answer: The concept can help a student in the "real world" persay because, if they go into retail or any buisness really they know that they will have to pay attention to their supply and demand to be succesful and not go bankrupt.
Explanation:
I hope this helps lad :)
have a great day :D
Imagine you want to become a chef and restaurant owner. What education and
skills would you need to succeed in this position?
Answers
Answer:
Cooking and business managing skills
Explanation:
To be a chef you need to know how to cook, not just following recipes, but being able to cook food that uses the ingredients and measurements you think it need.
To own a restaurant you need to know how to budget money, what you need to buy, how to be able to pay for a restaurant, how to manage it, how to hire staff and pay your staff.