Which of the Following Is the Best Definition of Accounts

question 136

Multiple Choice

Which of the following is the best definition of accounts receivable period?

• A) The time between receipt of inventory and payment for it.
• B) A secured short-term loan that involves either the assignment or factoring of receivables
• C) The time between sale of inventory and collection of the receivable.
• D) Costs that rise with increases in the level of investment in current assets.
• E) A forecast of cash receipts and disbursements for the next planning period.

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Definitions:

Negligently Harms

Inflicting injury or damage on someone due to carelessness or failure to take reasonable precautions.

Senior Employee

A senior employee holds a high-ranking position within an organization, typically involving significant responsibilities or decision-making authority.

Properly Perform

To fulfill or execute tasks and obligations in accordance with agreed standards or contracts.

Constructive Dismissal

A situation where an employee resigns due to the employer's behavior making it impossible to continue working, essentially a forced resignation.