Question
1) Decreasing accounts receivable is a source of cash. (True or False) 2)Which of the following will decrease the credit period? I. increase in the
1) Decreasing accounts receivable is a source of cash. (True or False)
2)Which of the following will decrease the credit period? I. increase in the buyer's inventory period II. increase in the buyer's operating cycle III. decrease in the buyer's inventory cycle IV. decrease in the buyer's operating cycle
4)Which of the following are uses of cash? I. increasing accounts receivable II. decreasing inventory III. increasing debt IV. decreasing accounts payable
5 ) A stock split decreases the number of shares outstanding but does not decrease the value of owners' equity. ( T or F )
6)Increasing the accounts receivable turnover rate will decrease the operating cycle. ( T or F )
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