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.

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Definitions:

Mexico

A country in the southern portion of North America known for its rich history, diverse cultures, and significant economic activities.

European Union

A political and economic union of 27 member states located primarily in Europe, aimed at facilitating economic cooperation, trade, and policy harmonization.

Competitive Implications

The potential impacts on an organization's position in the market relative to others, as a result of its actions or changes in the environment.

Free Flow

The unimpeded movement or exchange of information, resources, or goods in an environment without restrictive regulations.