Multiple Choice
A retailer can most easily improve its collection period by a significant degree by _____.
A) switching to vendors which grant liberal credit terms
B) raising its initial markup
C) encouraging retail credit customers to use bank and commercial credit cards
D) using point-of-sale systems
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Return on net worth equals return on
Q46: A summary of a retailer's revenues and
Q47: Which budgeting process uses important aspects of
Q48: (Net sales/total assets)equals _.<br>A)financial leverage<br>B)asset turnover<br>C)cost of
Q49: Capital and operating expenditure budgets do not
Q51: A collection period equals _.<br>A)[(accounts receivable)/(net sales)]
Q52: A retailer's asset turnover is 3 times;its
Q53: The quick ratio equals _.<br>A)(total assets)/(annual net
Q54: The collection period is affected by _.<br>A)inventory
Q55: In comparing the performance of seasonal retailers,the