登录之后可查看解析

Answer (A) is correct . The average collection period measures the number of days between the date of sale and the date of collection. It should be related to a firm’s credit terms. For example, a firm that allows terms of 2/15, net 30, should have an average collection period of somewhere between 15 and 30?days.

Answer (B) is incorrect because It describes the concept of float.
Answer (C) is incorrect because The average collection period includes the total time before a payment is received, including the periods both before and after the end of the normal credit period.
Answer (D) is incorrect because It describes the normal credit period.