Quiz Ch 20 – Identifying the Term: Credit Sale Payment Period

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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What is the term for the time period between the day a credit sale is made and the day the seller's bank credits their account with the payment for that sale?

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  • Search Terms: a) _____ a account accounts as bank cash collection c) credit credits day discount extends float b) for from is known made of payment period period. receivable e) sale sales d) seller's that the time until with
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