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If the Time of the Note Is Stated in Days

question 39

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If the time of the note is stated in days, the due date is the specified number of days after the issue date.

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Definitions:

Average Daily Receipts

The average amount of cash flow received by a company on a daily basis.

Clearing Times

The period it takes for funds to be transferred from one account to another and become available for use.

Payments

The transfer of money or goods from one part to another as a settlement of an obligation or purchase.

Weighted Average Delay

A measure of the average time delay experienced, factoring in the varying weights of each delay's impact.

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