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ACCT 461 Ch 12 Revenue

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  • 1. Multiple Choice
    30 seconds
    1 pt
    ________ is not a basic activity of the revenue cycle.
    Receiving
    Sales order entry
    Shipping
    Billing
  • 2. Multiple Choice
    30 seconds
    1 pt
    The revenue cycle's primary objective is to
    provide quality product in order to maximize market share.
    lower expenses.
    maximize the company's profit.
    provide the right product in the right place at the right time for the right price.
  • 3. Multiple Choice
    45 seconds
    1 pt
    Regularly reviewing an accounts receivable aging report can help management do what?
    determine whether the firm's pricing policy is effective
    identify customers who have not purchased anything lately
    spot firms who are falling behind in their payments
    improve the speed which customers make payments
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