A sales report Period Ending Date (PED) is which of the following?

Study for the Airlines Reporting Corporation (ARC) Test. Utilize flashcards and multiple choice questions with hints and explanations. Prepare for success!

Multiple Choice

A sales report Period Ending Date (PED) is which of the following?

Explanation:
The Period Ending Date is the cutoff that marks the end of the sales reporting period—the last day whose transactions are included in that period. In ARC’s sales reporting convention, the weekly cycle ends on Sunday, so the Period Ending Date is Sunday. That means all sales from the start of the period through Sunday are captured and the period is closed on that day. If the reporting cycle were defined to end on Friday, Saturday, or Monday, the PED would be that respective day, but for this scenario Sunday is the standard last day.

The Period Ending Date is the cutoff that marks the end of the sales reporting period—the last day whose transactions are included in that period. In ARC’s sales reporting convention, the weekly cycle ends on Sunday, so the Period Ending Date is Sunday. That means all sales from the start of the period through Sunday are captured and the period is closed on that day. If the reporting cycle were defined to end on Friday, Saturday, or Monday, the PED would be that respective day, but for this scenario Sunday is the standard last day.

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