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Author Question: A NOW account is defined simply as a checking account that pays interest. Indicate whether the ... (Read 42 times)

tfester

  • Hero Member
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  • Posts: 534
on: Jul 11, 2018
A NOW account is defined simply as a checking account that pays interest.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is true if a firm wishes to collect its accounts faster by imposing stricter
  credit terms on its customers?
 
  A) The firm's sales might decrease.
  B) The firm's accounts receivable turnover might rise.
  C) The firm's average collection period is likely to fall.
  D) all of the above


jaymee143

  • Sr. Member
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  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


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