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The Time Frame When Customers Are Allowed to Pay Their

question 90

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The time frame when customers are allowed to pay their bills and still be eligible for a discount is the:


Definitions:

Days' Sales Uncollected

A financial metric that measures the average number of days it takes for a company to collect payment after a sale has been made.

Liquidity

The ability of an asset to be quickly converted into cash without significantly affecting its market price.

Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Maker

In finance, the party that creates or issues a promissory note.

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