Examlex
Which of the following statements about an interface is true?
Payables Period
The average time it takes for a company to pay its invoices from suppliers, indicating the company's payment habits and cash flow management.
Credit Sales
Credit sales are transactions where the customer purchases goods or services on credit, agreeing to pay the supplier at a later date.
COGS
Cost of Goods Sold represents the direct costs associated with the production of the goods sold by a company.
Line of Credit
A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit at any time.
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