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).
