Getting Paid
» Getting Paid, Volume 1, Issue 7, 2001
If respondent extends credit or special terms.
3a. What are your customary terms?
Response | ||||
---|---|---|---|---|
1 | Net 10 or less | 4 | ||
2 | Net 15 | 5 | ||
3 | Net 30 | 53 | ||
4 | Net 90 | 2 | ||
5 | Upon receipt | 17 | ||
6 | Installment | 6 | ||
7 | Depends on customer | 2 | ||
8 | Other | 7 | ||
9 | DK/Refuse | 4 | ||
Total (%) | 100 | |||
N | 396 |
Notes: Fifty-three (53) percent of small employers who extend credit or special terms typically employ terms of “net 30 days,” i.e., the bill is due in 30 days (Q#3a).