If the Average Collection Period Is 35 Days, This Means

question 121

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 are correct.