ncy Eval... (16 unread) - mas.... Citizen Multiple Choice 1. Cash is essential for a business to meet its obligations but it is not very valuable to the business because of the fol A. Cash is extremely liquid and easily transferred to others. B. Cash does not generate very good returns for shareholders. C. Cash is not liquid and thus could generate losses when it is used in exchange. D. Cash is mostly electronic in form and thus is never where you need it. 2. What internal controls might a company put in place to help speed up the collection of accounts receivable? A. Check prices and shipping information to make sure that customers are billed only for what they received at the agreed up B. Check the credit history of new customers to see what their track record is for paying their bills. C. Send reminders to customers about the due dates of their accounts receivable. D. All of the above could be effective internal controls to help speed up collections 3. The RST Company reports on their balance sheet Accounts Receivable of $466 million net of an allowance of S23 million. W estimate they will not collect? A. 4.9% B.4.7% C.4.3% D.5.2% 4. The RST Company reports on their balance sheet Accounts Receivable of $466 million net of an allowance of S23 million. If an am receivable showed that the allowance for uncollectible accounts should be 7% of the total owed by customers, the RST would need to A. Decrease revenues B. Increase current liabilities