Examlex
_________user software is part of the IS department's function to maintain the computing infrastructure.
Operating Cycle
The duration between a company's purchase of inventory and the receipt of cash from accounts receivable.
Accounts Receivable Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services provided.
Inventory Period
The average time that inventory is held before it is sold or used in production.
Operating Cycle
Refers to the duration it takes for a company to buy goods or services, convert them into products, sell those products, and collect cash from the sales.
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