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MAC2602 S2 Assignment 4 1st and 2nd attempt - Searchable and easy to use
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MAC2602 S2 Assignment 4 1st and 2nd attempt - Searchable and easy to use
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Started on Friday, 27 September 2024, 3:45 PM – 2nd attemptState Finished
Completed on Friday, 27 September 2024, 4:39 PM
Time taken 54 mins 3 secs
Marks 45.00/50.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
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Question text
The receivable days figure of a manufacturing company has increased from
30 days to 60 days. Which of the following possible explanations for
this increase are most likely?
(1) The company has changed their credit terms for receivables.
(2) Customers takes longer to pay than they used to.
(3) Customers are paying more promptly than they used to.
(4) Cash received from customers may have been misappropriated.
(5) The accounting records on which the calculations have been based may
be inaccurate.
Select one:
a.
Statements (1), (2), (4) and (5)
b.
Statements (1), (2) and (3)
c.
Statements (1), (3) and (4)
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