Which of the Following Is the Best Definition of Accounts

question 89

Multiple Choice

Which of the following is the best definition of accounts payable 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:

Environmental Disaster

A significant event caused by human activity or natural processes leading to severe negative impacts on the environment.

Technological Disaster

An event caused by a malfunction, failure, or misuse of technology, leading to significant harm to people, property, or the environment.

Breeder Reactor

A type of nuclear reactor that generates more fissile material than it consumes, using a specific fuel cycle to convert fertile materials into fissile fuels, thus extending the fuel supply for nuclear energy.

Commercial

Related to or engaged in commerce, involving the buying and selling of goods and services.