If a Membrane Lines a Cavity with an Opening to the External

question 34

Multiple Choice

If a membrane lines a cavity with an opening to the external environment, it is called a

• A) cutaneous membrane.
• B) mucous membrane.
• C) serous membrane.
• D) synovial membrane.

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Definitions:

Average Collection Period (ACP)

A financial ratio that measures how long it takes to collect on credit sales. Also called days sales outstanding (DSO).

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, which encompass payment period, amount of credit, and the discount terms.

Cash Discount

A reduced price offered by a seller for goods or services if the buyer pays in cash, or within a specified time period, encouraging early payment.

Receivables

Money that is owed to a company by its customers for goods or services provided on credit, represented as assets on the balance sheet.