Answered: A decrease in accounts recelvable…

A decrease in accounts recelvable turnover ratio Is Indicative of an Increase In sales revenue. O a decline in cost of good sold O slower selling Inventory. O an Increase in accounts recelvable

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 14MC: Which of the following indicates a positive trend for inventory management? A. increasing number of...

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A decrease in accounts recelvable turnover ratio Is Indicative of
an Increase In sales revenue.
O a decline in cost of good sold
O slower selling Inventory.
O an Increase in accounts recelvable

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What are some possible negative signals when the product of the accounts receivable turnover ratio is lower (i.e., fewer times)?
Which of the following indicates a positive trend for inventory management? A. increasing number of days sales in inventory ratio B. increasing inventory turnover ratio C. increasing cost of goods sold D. increasing sales revenue
Question Which of the following changes in credit standards and conditions would cause an improvement in profit? A) Increase in the turnover of accounts receivable B) Decrease in units sold C) Increase in collection expenses D) An increase in the percentage of doubtful accounts receivable.
Question Which of the following changes in credit standards and conditions would cause an improvement in profit? A) An increase in the percentage of doubtful collections. B) An increase in collection expenses. C) Decrease in units sold D) Increase in the turnover of accounts receivable.
Sigma Corporation experiences a decrease in sales and cost of goods sold, an increase in accounts receivable, and no change in inventory. If all else is held constant, what is the total effect of these changes on the receivables turnover ratio? A)Increased B)Decreased C)Undetermined D)No answer text provided.
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If sales were overstated by recording a false credit sale at the end of the year, where could you find the false “dangling debit”?a. Inventory.b. Cost of goods sold.c. Bad debt expense.d. Accounts receivable.
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