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According to the __________ theory of speech perception,the sounds /r/ and /l/ sound identical to a native Japanese speaker because he or she articulates them the same way.
Average Collection Period
The average number of days that it takes for a business to receive payments owed by its customers, calculated by dividing the accounts receivable balance by the average daily sales.
Credit Terms
The conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the rate of interest if applicable.
Discount
A reduction applied to the usual cost of goods or services or the process of determining the present value of future cash flows.
Net 45
A payment term indicating the buyer must complete payment within 45 days from the invoice date.
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