Question
What is the relationship between the length of the collection period (accounts receivable days on hand) and the cash flow of a business? A) the
What is the relationship between the length of the collection period (accounts receivable days on hand) and the cash flow of a business?
A) the shorter the collection period, the more likely the need for other cash or loans to continue operations
B) the longer the collection period, the more likely the need for other cash or loans to continue operations
C) the shorter the collection period, the longer the time it takes to collect cash from receivables
D) the longer the collection period, the less likely the need for other cash or loans to continue operations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started