Examlex
Explain the concept of economies of scale.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects receivables or the speed of their customer payments.
Average Receivables
A measure that summarises the average amount of accounts receivable over a specific period, often used to assess the effectiveness of a company's credit and collection policies.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, often including balance sheet, income statement, and cash flow statement.
Base Amount
The initial sum or value used as a reference point for calculations, comparisons, or adjustments.
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