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LiRa [457]
3 years ago
5

A firm's collection policy, i.e., the procedures it follows to collect accounts receivable, plays an important role in keeping i

ts average collection period short, although too strict a collection policy can reduce profits due to lost sales.
a) true
b) false
Business
1 answer:
kramer3 years ago
3 0

Answer:

a) true

Explanation:

The average collection period could be computed by

= Total number of days in a year ÷ account receivable turnover ratio

It determines the number of days in which the customers pay the amount to the company.

If the payment is made within the prescribed time or early so it shows the goods performance else it reflects the worst performance

Therefore according to the given situation, if there is strictness in collection policy which ultimately reduced profit due to lost sales plays a very important role in shorten the collection period

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The trend in the poverty rate since the mid 1960's___________.
enyata [817]

Answer:

Letter B

Explanation:

It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.

6 0
2 years ago
Match each event with the correct description of the company’s use of social media.
Nostrana [21]

<span>The answers are as follows:</span>

<span>1. A company that makes cleaning products gives bloggers a new cleaning kit before the product is on the market: This company used social media to create consumer awareness about a new product.

2. A company hosts a sweepstakes on a social media site and gives the winners a lifetime supply of detergent: This Company used social media to increase brand loyalty.

3. An appliance company releases videos of its new, high-tech manufacturing facility: This Company used social media to give
consumers a peek into its operations</span>

<span>4. A fast food chain asks consumers to determine the next drink flavor using the hashtag #NEWDRINK: This Company used social media to allow consumers to be part of product development</span>

<span> </span>

3 0
2 years ago
Read 2 more answers
business buying often involves long-term relationships with suppliers. How does this affect buying behavior​
Nadya [2.5K]

Answer:

By having a ling term relationship with the supplier has good and bad effects on buying behavior. I say this because it is a mass struggle for up in coming business entrepreneurs to be able to build long term supplier relationships which makes a lot of businesses end up failing. On the other hand for business that are already pretty established this is a benefit because they do not have to sorry about the suppliers side of bailing out and costing the business a lot of money.

Explanation:

6 0
3 years ago
Read 2 more answers
Read the scenario.
amm1812

Answer:

Using credit will cost Bill more money over time.

Using credit may tempt Bill to buy more than he can afford.

3 0
3 years ago
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Sui Generis, Inc. (SGI), designs and sells solar energy cells to research laboratories, commercial businesses, and individual co
BARSIC [14]

Answer:

b. ​patent infringement.

Explanation:

Patent infringement -

It refers to as illegal practice , where the various goods and services are produced without the permission of the patent holder , is referred to as patent infringement .

The practice can get the person to prison as well .

As a proper permission is required by the patent holder to produce the goods and services .

Hence , from the given scenario of the question ,

The correct answer is patent infringement .

5 0
3 years ago
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