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The average collection period for a firm measures the number of days:
Suggested Answer: A
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Choice 'a' is correct. The average collection period for a firm measures the number of days after a typical credit sale is made until the firm receives the payment.
Choice 'b' is incorrect. 'Float' measures the number of days it takes a typical check to 'clear' through the banking system.
Choice 'c' is incorrect. 'Credit period (term)' measures the number of days before a typical account becomes delinquent.
Choice 'd' is incorrect. 'Average days sales in inventory' measures the number of days in the inventory cycle.
7 comments · newest first
FA
Fausto
11 months ago
I thought it was about inventory, but A makes more sense.
TR
Tracie
12 months ago
C is totally off base, it's all about the payment timeline!
ME
Merilyn
12 months ago
Wait, are we sure it's not B? Checks can take a while to clear.
MA
Malcom
12 months ago
Agreed, A is the right answer!
KA
Karon
1 year ago
It's definitely A, that's how long it takes to get paid after a sale.
XO
Xochitl
1 year ago
Okay, I've got this. The instructions are clear, and I know exactly what I need to do to change the bulleted list to picture bullets. I feel confident I can get this right.
LU
Luz
1 year ago
This seems like a straightforward question about the frequency of updating Palo Alto Networks' Command-and-Control signatures. I'll need to think about the typical update cadence for security signatures and what would be most appropriate for this use case.