1."During 2023, Katieco's sales increased by 20%. If accounts receivable for the same period increased by 40%, this probably indicates that"

O the company's management is focusing on cash sales.

O the company's collections have improved.

the company may be increasing sales by giving longer time to pay.

O the company's collection policies have become more aggressive. (pushing customers to pay faster)

O stated credit term has been decreased (giving customers less time to pay).

2. The percent of receivables basis of estimating uncollectible accounts

O is a more precise way of doing the aging method.

O focuses on income statement relationships.

O emphasizes net realizable value on the Balance Sheet.

O is not generally accepted as a basis for estimating bad debts.