A General Rule to Use in Assessing the Collection Period

question 150

Multiple Choice

A general rule to use in assessing the collection period is that

• A) it should not exceed 30 days.
• B) it can be any length as long as the customer continues to buy merchandise.
• C) it should not greatly exceed the discount period.
• D) it should not greatly exceed the credit term period.

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Definitions:

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