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:

Greater Risks

The increased likelihood of encountering negative outcomes or dangers.

Adolescents

Individuals in the developmental stage between childhood and adulthood, typically aged 10 to 19, experiencing rapid physical, emotional, and social changes.

Parents

The guardians or caregivers responsible for raising and nurturing a child.

Peers

Individuals who are of approximately the same age or stage of life and who share similar interests or social positions.