Managers know that for cash and credit sales completed in one month that all will be recorded as sales revenue in that month,but that the actual cash flow will take place over a longer period of time because of ________.
A)credit sales
B)erosion
C)foreclosure
D)transit time

Question

Quizplus · Accepted Answer

Credit sales means that customers may not pay immediately, which delays the actual cash flow from the sales.

Managers Know That for Cash and Credit Sales Completed in One