Examlex
Define and explain the significance of the statute of limitations.
DSO
Days Sales Outstanding, a measure of the average number of days it takes a company to collect payment after a sale has been made.
Credit Department
A division within a financial institution or company responsible for assessing credit risk and approving credit to customers.
Aging Schedule
An aging schedule is a table that shows the breakdown of accounts receivable into categories by length of time outstanding, often used to assess the collectibility of receivables.
Inventory Turnover Ratio
A metric indicating how many times a company's inventory is sold and replaced over a given period.
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