hasin what is she Which of the fo statements is rue? ventory unsler E.IFO may produce different vesualis depending on whthe is used inventory under the weighted average cost method al either a always produces the sne resl C. Valuing inventory under FIFO may produce different results depending on whether periodic inventory system is used D. All of these a perpetiunl o 44. When bad debts exceed the amount estimated and written off in the previous accounting period, the True False note True False 46. The receivables turnover ratio is calculated using the average True False net accounts receivable 47. In normal circumstances, the allowance for doubtful accounts for a company should be a fairly consistent percentage of gross accounts True False 48. Ifthe receivables turnover ratio rises significantly, the increase may be a signal that the company is extending credit to high-risk borrowers or allowing an overly generous repayment schedule. True False 49. Which of the following statements regarding the tradeoffs of extending credit is (are) true Which of the following statements regarding the tradeoffs of e A. Extending credit to at least some customers is necessary in a competitive market to avoid losing sales to competitors B. Even if a company were to collect in full from customers, there would be a cost of extending credit to customers C.Both A) and B) above are true. D. Neither A) nor B) above is true. hasin what is she Which of the fo statements is rue? ventory unsler E.IFO may produce different vesualis depending on whthe is used inventory under the weighted average cost method al either a always produces the sne resl C. Valuing inventory under FIFO may produce different results depending on whether periodic inventory system is used D. All of these a perpetiunl o 44. When bad debts exceed the amount estimated and written off in the previous accounting period, the True False note True False 46. The receivables turnover ratio is calculated using the average True False net accounts receivable 47. In normal circumstances, the allowance for doubtful accounts for a company should be a fairly consistent percentage of gross accounts True False 48. Ifthe receivables turnover ratio rises significantly, the increase may be a signal that the company is extending credit to high-risk borrowers or allowing an overly generous repayment schedule. True False 49. Which of the following statements regarding the tradeoffs of extending credit is (are) true Which of the following statements regarding the tradeoffs of e A. Extending credit to at least some customers is necessary in a competitive market to avoid losing sales to competitors B. Even if a company were to collect in full from customers, there would be a cost of extending credit to customers C.Both A) and B) above are true. D. Neither A) nor B) above is true
