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2016年美国CPA练习题精选：Financial 5
Red Co. had $3 million in accounts receivable recorded on its books. Red wanted to convert the $3 million in receivables to cash in a more timely manner than waiting the 45 days for payment as indicated on its invoices. Which of the following would alter the timing of Red's cash flows for the $3 million in receivables already recorded on its books?
a. Change the due date of the invoice.
b. Demand payment from customers before the due date.
c. Discount the receivables outstanding.
d. Factor the receivables outstanding.
答案：D
Explanation
Choice "d" is correct. Factoring receivables is the process by which a company converts its receivables to cash by assigning them to a factor, either with or without recourse.
Choice "a" is incorrect. The fact that the receivables have been recorded implies that the company has already sent invoices to its customers setting the payment due date. Generally, the due date cannot be changed after the invoice has been sent, nor is changing the due date likely to speed up the overall customer payment rate.
Choice "c" is incorrect. Discounting is the process of converting notes receivable, not accounts receivable, to cash.
Choice "b" is incorrect. Demanding payment from customers before the due date is likely to anger customers, but is not likely to speed up the overall customer payment rate. The invoice sets the payment terms of the receivable.
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