Maurice Tutor

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Category > Accounting Posted 23 Jul 2017 My Price 4.00

company’s credit policies

If business conditions are stable, a decline in the number of days’ sales outstanding from one year to the next (based on a company’s accounts receivable at year-end) might indicate

1. A stiffening of the company’s credit policies.

2. That the second year’s sales were made at lower prices than the first year’s sales.

3. That a longer discount period and a more distant due date were extended to customers in the second year.

4. A significant decrease in the volume of sales of the second year.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 10:07 PM My Price 4.00

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