The Net Credit Period

question 351

Multiple Choice

The net credit period:

• A) Is the length of time after the discount period that a customer has to pay the full amount of the invoice.
• B) Generally is between 15 and 150 days.
• C) Begins on the invoice date and ends on the final day a customer can pay without being delinquent.
• D) Is established based on the seller's operating cycle.
• E) Is determined by the seller's inventory period.