Suppose a firm has seasonal sales and customers that all pay promptly at the end of 30 days.Which of the following statements is NOT correct?
A) DSO will vary from month to month.
B) The quarterly uncollected balances schedule will be the same in each quarter.
C) The level of accounts receivable will be constant from month to month.
D) The ratio of accounts receivable to sales will vary from month to month.
Correct Answer:
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