The number of days in the collection period should be:
A) as high as possible.
B) as low as possible.
C) the same as the previous period.
D) the same as the budgeted number of days.

Name: The number of days in the collection period should be: A) as high as possible. B) as low as possible. C) the same as the previous period. D) the same as the budgeted number of days.
Brand: Quizplus
Rating: 4.7 (44 reviews)

Question

Quizplus · Accepted Answer

the lower the number of days, the quicker the business is at collecting its accounts receivable

The Number of Days in the Collection Period Should Be