Sanchez Company sells its garden hoses to Gary's Lawn and Garden Center but does not require Gary's to pay for them right away. If this is a standard trade-credit agreement, Gary's will have to pay for the garden hoses in
A) 30 to 60 days.
B) 1 to 20 days.
C) 45 to 90 days.
D) 60 to 180 days.
E) as many days as it takes to sell the merchandise.

Question

Quizplus · Accepted Answer

Standard trade-credit agreements typically require payment within 30 to 60 days.

Sanchez Company Sells Its Garden Hoses to Gary's Lawn and Garden