The Average Length of Time It Takes Customers to Pay

question 283

Multiple Choice

The average length of time it takes customers to pay for the merchandise they buy is called the:

• A) Cash cycle.
• B) Accounts payable period.
• C) Operating cycle.
• D) Accounts receivable period.
• E) Accounts receivable turnover rate.

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Definitions:

Contemporary Perspective

Present-day viewpoints or methods of understanding in a particular field, often considering the latest research and developments.

Daily Basis

The frequency of something happening or being performed every day.

Progress Toward Adulthood

The process of developing attributes, skills, and experiences that mark the transition from childhood into adult roles and responsibilities.

Growth Spurt

A rapid increase in height and weight typically observed during adolescence due to hormonal changes.