26. The average collection period is also: accounts receivable turnover days sales outstanding aging schedule the sum of the credit sales from the last six months 27. Measures for monitoring receivables may be compared to: A key competitors values Historical trends Management targets All of the above None of the above 28. Credit terms of 2/10, prox net 30 mean that a cash discount of 2% can be taken if payment is made by _________________ or the full invoice must be paid by __________________ . days after the invoice date, 30 days after the invoice date days after the invoice date, the 30th day of this calendar month the 10th day of the next calendar month, 30 days after the invoice date the 10th day of the next calendar month, the 30th day of the next calendar month days after the good are actually received, 30 days after the goods are actually received 29. The advantage of consignment to the retailer is not ever having to pay for the goods not having to pay for the goods until the 30th day of the following month not having to pay for the goods unless they are sold a much larger price mark-up over cost than on items typically sold by the retailer 30. A very important cost of paying an invoice late which is difficult to estimate accurately is: interest charges assessed by the supplier the cost of foregone interest revenue lost supplier goodwill the cost of foregone interest expense none of the above