Eileen Lives and Works in Mobile

question 6

True/False

Eileen lives and works in Mobile.She travels to Rome for an eight-day business meeting after which she spends two days touring Italy.All of Eileen's airfare is deductible.

---

Definitions:

Receivables Period

The average number of days it takes for a company to collect payments from its customers.

Inventory Period

The average time it takes for a company to sell its inventory and convert it into sales.

Payables Period

The average amount of time it takes for a business to pay its invoices and bills to suppliers.

Payables Period

The average period of time it takes for a business to pay off its debts to suppliers.