What is the normal timing in which a firm's customers pay their accounts,expressed as the percentage of monthly sales collected in each month following the sale?

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The normal timing in which a firm's customers pay their accounts, expressed as the percentage of monthly sales collected in each month following the sale, is referred to as the payment pattern. This concept helps businesses understand how quickly they can expect to receive payments from their customers after a sale is made.

What Is the Normal Timing in Which a Firm's Customers