Examlex
The new generation of lunch trucks serving high-end fare in cities such as New York, San Francisco, and Los Angeles share which of the following business strategies?
Average Collection Period
The average amount of time it takes for a business to receive payments owed by its customers for goods or services sold on credit.
Year 2
Refers to the second year of a project, company's fiscal year, or any specified time period.
Accounts Receivable Turnover
A financial ratio indicating how many times a company's receivables are turned over during a period.
Average Sale Period
The average amount of time it takes for a business to sell its inventory, also known as inventory turnover period.
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