Examlex
If the total expenditure on clothing decreases when the price of clothing falls,the price elasticity of demand is
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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