In the Statement Below, Amount Is Referred to as the ____

question 41

Multiple Choice

In the statement below, amount is referred to as the ____ parameter.
public void deposit(double amount)

• A)private
• B)public
• C)explicit
• D)implicit

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Definitions:

ACP (Average Collection Period)

The average number of days it takes for a business to receive payments owed by its clients, reflecting the effectiveness of a company's credit and collection policies.

Credit Terms

The conditions, including payment deadlines and interest rates, that a seller extends to a buyer.

Trade Credit

Short-term financing provided by suppliers, allowing buyers to purchase goods or services on account without immediate cash payment.

Compensating Balances

A requirement by some banks for companies to maintain a minimum balance in their account as part of a loan agreement, effectively reducing the amount of usable cash.