If the Average Collection Period Is 35 Days,this Means

question 28

Multiple Choice

If the average collection period is 35 days,this means:

• A)from the date of purchase to the date of payment is 35 days.
• B)from the date of sale to the date of receipt of payment is 35 days.
• C)from the date of discount to the date of receipt of payment is 35 days.
• D)None of these answers is correct.

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Definitions:

Inclusive

An approach or policy that ensures all people, regardless of their differences, have equal access, opportunities, and rights.

Proper Order

A phrase referring to the correct or suitable arrangement or sequence of elements or actions.

Hypothesis

Supposition established by reasoning after consideration of available evidence; it can be tested by obtaining more data, often by experimentation.

Informed Statement

A declaration or proclamation made with full knowledge and understanding of the facts and implications.