Examlex
Which of the following types of businesses might have an operating cycle longer than one year?
Income
The monetary payment received for one's work, investments, or other sources, primarily used for personal consumption, savings, and investment.
Present Value
The present value of an expected amount of money or sequence of cash flows, with a given return rate.
Interest Rate
The percentage at which interest is paid by borrowers for the use of money they borrow from a lender.
Consumption
The process by which goods and services are used up or consumed by individuals or groups, typically leading to satisfaction of needs or wants.
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