Item Fill Rate Refers to the Time It Takes to Have

question 39

True/False

Item fill rate refers to the time it takes to have inventory replenished from a supplier.

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Definitions:

Journalize Transactions

The process of recording financial transactions in the journal as part of the accounting cycle.

Accounts Receivable Turnover

A financial ratio that measures how many times a company can turn its accounts receivable into cash during a period.

Days' Sales in Receivables

A financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.

Dishonored Note

A promissory note that has not been paid by the maker at its maturity date.