If a Firm's Average Collection Period Is 42 Days, and This

question 113

Essay

If a firm's average collection period is 42 days, and this compares favourably to the industry average, what questions may you want to ask before assuming that the firm is "efficient?"

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Definitions:

Field Description

A brief explanation or detailing of what data should be entered in a particular field in a database or form.

Field Size

The maximum number of characters or the specific type of data that can be stored in a database field.

Data Type

A classification identifying one of various types of data, such as integer, floating point, or string, that determines the possible values for that type.

Subdatasheet

A feature in Microsoft Access that allows users to view related data from a different table as a nested datasheet within a main datasheet.