The average payment period is the length of time from the point when raw materials are purchased on account to the point when payment is made to the supplier of the goods.
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The ________ is the length of time from the point when raw materials are purchased on account to the point when payment is made to the supplier of the goods.
Select one:
a. cash conversion cycle
b. average collection period
c. average payment period
d. the average age of inventory
The average payment term is a metric used to represent the average number of days it takes a company to pay its suppliers the amount owed. Average Collection Time is a metric used to indicate the average number of days it takes a business to collect and cash accounts receivable.
Average Time To Pay (APP) is a metric that allows companies to see how long it takes on average to pay their suppliers. Businesses that track average payment terms have several advantages. However, the greatest benefit comes from the average payment period, which is the solvency ratio.
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