If a Firm Sells on Terms of 2/10 Net 30

question 64

True/False

If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tells us that the credit department is functioning efficiently and there are no past-due accounts.

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Personal Characteristics

Inherent or acquired traits that define an individual's personality, behavior, or physical attributes.

Social Support

The perception or reality of assistance and solidarity available from others, which can have positive effects on mental and physical health.

Adherence

The extent to which individuals follow their plans or treatment recommendations, crucial for achieving desired health outcomes.

Economic Factors

Elements that influence the economy of a country or region, including inflation, employment rates, and Gross Domestic Product (GDP).