Renaissance Art Flourished Due to

question 8

Multiple Choice

Renaissance art flourished due to

• A)the proliferation of trade with the New World.
• B)the patronage of wealthy families and the popes.
• C)the beginning of the Industrial Revolution.
• D)the unification of the Italian city-states.
• E)the ongoing battles with Spain.

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Definitions:

Maturity Factoring

A form of financing where a business sells its invoices to a factor at a discount for immediate cash, with the collection of funds from customers handled by the factor upon maturity.

Cash Conversion Cycle

A metric that measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Payables Deferral Period

The amount of time a company takes to pay off its suppliers after receiving goods or services, affecting its cash flow.

Daily Sales

The total revenue or amount of goods and services sold by a business within a single day.