Solved

Continuous Traits Are

question 5

Multiple Choice

Continuous traits are

Identify and apply tools and documents used in managing cash flow, such as cash budgets and aging schedules.

Analyze financial statements and ratios to assess business performance against industry standards.

Recognize the importance of managing receivables and inventory for effective cash flow management.

Understand the concept and components of the cash-to-cash cycle in business operations.

Definitions:

365-Day Year

A method used in finance that assumes all years have 365 days for the purpose of interest calculation.

High-Speed Copy Machine

An office machine designed for rapid copying of documents and images, capable of producing numerous copies within a short period.

Ordinary Simple Interest

A method of calculating interest where the interest charge is computed only on the principal amount, without compounding over a specified time period.

360-Day Year

A financial convention that simplifies the calculation of interest by assuming a year has 360 days.