menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 7: Accounting for Receivables
  5. Question
    The Longer It Takes to Collect Accounts Receivable,the Greater the Implicit
Solved

The Longer It Takes to Collect Accounts Receivable,the Greater the Implicit

Question 64

Question 64

True/False

The longer it takes to collect accounts receivable,the greater the implicit interest cost that is incurred.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: A company that uses the direct write-off

Q60: When a company receives payment from a

Q61: The net realizable value of accounts receivable

Q62: How is the average number of days

Q63: If a company uses the percent of

Q65: The balance in Accounts Receivable at the

Q66: Which of the following is a true

Q67: Other things being equal,the longer a company's

Q68: Allegheny Company ended Year 1 with balances

Q69: Alberta Company accepts a credit card as

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines