ABC Corp Extends Credit Terms of 45 Days to Its Customers

question 33

Multiple Choice

ABC Corp. extends credit terms of 45 days to its customers. Its credit collection would beconsidered poor if its average collection period was

• A) 47 days.
• B) 57 days.
• C) 36 days.
• D) 30 days.

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Definitions:

Mantoux

A skin test that determines if someone has been exposed to the tuberculosis bacterium by injecting a small amount of tuberculin into the skin.

Wound Culture

A laboratory test involving the growth of microorganisms from a wound to identify an infection.

Exudate

Fluid, such as pus or clear fluid, that leaks out of blood vessels into nearby tissues as a response to inflammation.

Jaundice

A yellowish pigmentation of the skin, tissues, and body fluids caused by the overproduction or poor metabolism of bilirubin.