If a Firm Sells on Terms of 2/10,net 30 Days,and

question 79

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 tell us that the credit department is functioning efficiently and there are no past due accounts.​

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Definitions:

Bipolar Disorders

A group of mood disorders characterized by episodes of mood elevation (mania or hypomania) and depression.

Psychotropic Medications

Drugs that affect mental processes and can be used to treat a variety of mental health disorders.

Cognitive-Behavioral Therapy

A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.

Lithium

is a chemical element used as a medication to treat mood disorders such as bipolar disorder, helping to stabilize mood swings.