Which One of the Following Collection Times Is Correctly Described

question 80

Multiple Choice

Which one of the following collection times is correctly described?

• A)The processing delay starts when a firm mails out a billing statement and ends when the payment is received from a customer.
• B)Mailing time begins when a firm mails out a billing statement and ends when the payment is received.
• C)Collection time begins when a firm mails out a billing statement and ends when the cash payment for that billing is available to the firm.
• D)Availability delay begins when a firm deposits a customer's check into its bank account and ends when the cash from that payment is available to the firm.
• E)Processing delay begins when a firm mails out billing statements and ends when the firm deposits the payment for that statement into its bank account.

---

Definitions:

Role Playing

A method of learning or therapy involving acting out roles, often used to understand oneself or others, or to practice behavioral strategies.

Fugue State

A dissociative disorder characterized by reversible amnesia for personal identity, including memories, personality, and other identifying characteristics.

Investment Broker

A professional or firm that acts as an intermediary between investors and securities exchanges, facilitating the buying and selling of stocks and other securities.

Embezzling

The act of dishonestly withholding or stealing funds that have been entrusted to one's care, typically in a workplace setting.