Examlex
An accountant deserves a raise, but when it comes time to ask his boss he waits quietly, hoping she will offer him the raise without being asked. His behavior is best described as ______.
Average Collection Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services provided on credit.
Year 2
Refers to the second year of a specified time frame, often used in financial and academic contexts.
Accounts Receivable Turnover
A measure of how quickly a company collects cash from its credit sales.
Inventory Turnover
A ratio indicating how many times a company's inventory is sold and replaced over a specific period.
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