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3. The percentage discount offered by suppliers if the customeror buyer pays early is known as the _____________discount.4. The average length of time between the point in which a firmoriginally receives its inventory and the point at which itreceives the cash from selling its product(s) is known as the__________cycle. Meaning of Cash Cycle is the average length oftime between when a firm originally purchases its inventory andwhen it receives the cash back from selling its product.17. The number of days a buyer has to take advantage of the cashdiscount provided by its suppliers is known as the____________period.18. A measure of the cash cycle calculated as the sum of afirm's inventory days and accounts receivable days, minus itsaccounts payable days is known as the ____________ cycle.35. The total length of time during which suppliers extendcredit to their customers (or buyers) is know as the___________period.