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The focus of both the intellectual and religious life changed from monasteries in the countryside and pilgrimage churches to cathedrals in expanding cities.Which of the following would account for this change?
Paying Suppliers
The process of settling financial transactions with suppliers by transferring payment for goods or services received.
Inventory Period
The duration of time it takes for a company to sell its inventory and convert it into sales, often measured in days or months.
Slow-selling Merchandise
Items in inventory that move or sell at a slower pace than anticipated, often leading to excess stock and markdowns.
Cash Cycle
Refers to the amount of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
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