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Maksim231197 [3]
3 years ago
6

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

credit period tell us that the credit department is functioning efficiently and there are no past due accounts. True False
Business
1 answer:
mart [117]3 years ago
7 0

Answer:

False

Explanation:

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tell us that the credit department is functioning efficiently and there are no past due accounts. This is a false statement.

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