Question: Question 14: Which statement below is NOT correct? c) a) If sales increase, then accounts receivable are also expected to increase. b) A disproportionate increase
Question 14: Which statement below is NOT correct? c) a) If sales increase, then accounts receivable are also expected to increase. b) A disproportionate increase in accounts receivable might signal trouble. There should be correlation on increase of sales and receivables. d) If sales increase, then accounts receivable are also expected to decrease. e) If a company loosen credit policy, this may increase sales
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
