AICPA每日一练之BEC【2016-3-4】

高顿网校2016-03-04 09:36Lynn.yu
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The average collection period for a firm measures the number of days

A. Beyond the end of the credit period before a typical customer payment is received.

B. Before a typical account becomes delinquent.

C. After a typical credit sale is made until the firm receives the payment.

D. For a typical check to "clear" through the banking system.

Answer:C

C is corrent. The collection period is the average time it takes from sale to collection.

A is incorrect. This is the average delinquency period.

B is incorrect. This is not the average collection period.

D is incorrect. This is the float.

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