A change in the debtor's turnover period from 31 days to 25 days means that:
A) debtors are paying their accounts faster
B) debtors are taking longer to pay their accounts
C) debtors are buying less on credit
D) sales on credit are increasing
Correct Answer:
Verified
Q6: Which of these is a typical source
Q7: How do entities ensure that customers are
Q8: Net working capital is:
A)cash minus current liabilities
B)current
Q9: Forms of funding include
A)spontaneous.
B)temporary.
C)permanent.
D)all of the options
Q10: If a company becomes insolvent the penalty
Q12: When an entity does not have enough
Q13: Spontaneous sources of funds:
A)are generally free of
Q14: The cost of holding cash is:
A)the opportunity
Q15: Examples of cash outflows from an entity
Q16: Temporary assets should be financed with:
A)temporary,permanent or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents