If a Firm Sells on Terms of 2/10 Net 30

question 131

True/False

If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tells us that the credit department is functioning efficiently and there are no past-due accounts.

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Definitions:

Newsrooms

Newsrooms are dynamic environments where journalists and editors gather, process, and disseminate news content to the public through various media outlets.

Diversity

The inclusion and representation of various demographic backgrounds, cultures, perspectives, and ideas within a group, organization, or society.

Working-Class Man

A working-class man refers to an individual who performs manual labor or is employed in low-paying wage jobs, often viewed as part of the broader working class.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting entertainment, news, and information.