3. The percentage discount offered by suppliers if the customer or buyer pays early is known as the _____________discount.

4. The average length of time between the point in which a firm originally receives its inventory and the point at which it receives the cash from selling its product(s) is known as the __________cycle. Meaning of Cash Cycle is the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product.

17. The number of days a buyer has to take advantage of the cash discount provided by its suppliers is known as the ____________period.

18. A measure of the cash cycle calculated as the sum of a firm's inventory days and accounts receivable days, minus its accounts payable days is known as the ____________ cycle.

35. The total length of time during which suppliers extend credit to their customers (or buyers) is know as the ___________period.