The Average Collection Period Reveals How Many Days, on Average

question 158

Multiple Choice

The average collection period reveals how many days, on average,

• A)it takes between when an order is placed until the cash is collected.
• B)the company takes to collect cash from a credit sale.
• C)the company takes to collect past due accounts.
• D)it takes between when an original contact is made to collect an account until the cash is collected.

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Definitions:

Communication

The process of transferring information, ideas, emotions, or skills from one entity to another through various means, including speech, writing, signals, or behavior.

Child Care

The care and supervision of young children, especially by a person other than the child's parents.

Security

Measures and protocols implemented to protect individuals, data, and assets from theft, attack, or other threats.

Attachment

The emotional bond that develops between a child and a caregiver, providing the child with emotional security.