Examlex
The difference between sensation and perception is that sensation, or the stimulation of our senses, is an automated process resulting from sources of energy (light and sound) or the presence of chemicals (as in taste and smell), while perception is an active process in which sensations are organized and interpreted to form an inner representation of the world.
Operating Cycle
The duration between the purchase of inventory by a business and the receipt of cash from accounts receivable, indicating the speed at which a company turns inventory into cash.
Equity Multiplier
A financial ratio that measures a company's leverage by comparing its total assets to its total equity.
Year 2
The second year in a specified timeframe, often used in financial and performance analysis.
Average Collection Period
A financial metric indicating the average number of days it takes for a company to receive payments owed by its customers.
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