Examlex
When summer temperatures rise in the desert,the amount of outdoor activity declines.This relationship is an example of
Cash Sales
Revenue received immediately in currency or by check at the time of sale.
Credit Sales
Sales made by a business where payment is delayed as per agreement, rather than requiring immediate payment in cash.
Acid-Test Ratio
A liquidity ratio that measures a company's ability to pay off its current liabilities with its quick assets.
Quick Ratio
A liquidity ratio that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventory.
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