Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the principal reason for converting a customer's a

The principal reason for converting a customer's account receivable to a note receivable is: Select...

80.2K

Verified Solution

Question

Accounting

The principal reason for converting a customer's account receivable to a note receivable is:

Select one:

a. the note receivable earns interest and the account receivable does not.

b. the receivable is less likely to have to be written off as uncollectible.

c. working capital is immediately increased.

d. the customer is more likely to continue purchasing the company's products.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Sketch a graph of the function f x 10 x Clear 5 Undo 10 5...

Geometry
Q

Two concentric shells kept in air have radii Ra r They have similar charge and...

Physics
Q

5 Solve for the value of x K J 83 M L

Geometry
Q

According to the 68-95-99.7 Rule, what percent of high school seniors had SAT scores between579...

Statistics
Q

Complete the sentences about each sequence Type your answer in the space provided Write fractions...

Algebra
Q

Find the sum of the terms of the following infinite geometric sequence.1/8, 1/64, 1/512

Algebra
Q

Problem 6-50 (LO 6-2) (Algo) Skip to question [The following information applies to...

Accounting
Q

Maine Pine Corp. has Net Income of $20,000, Sales of $230,000, Taxes of $10,000, Assets...

Accounting
Q

I need the answer for. Just say no to rugs for the manufacturer of high-quality...

Accounting
Q

Required information Use the following information to answer questions 45-47 Skip to question...

Accounting
Q

Prepare the Journal entries, T ACCOUNTS, and Trial Balance 5-31-11 ABC Company bought a...

Accounting
Q

Sweet Eugenes purchased a delivery truck on July 1, 2019. The truck had a cost...

Accounting