Which of the Following Is the Best Definition of Accounts

question 85

Multiple Choice

Which of the following is the best definition of accounts payable period?

• A) The time between receipt of inventory and payment for it.
• B) A secured short-term loan that involves either the assignment or factoring of receivables
• C) The time between sale of inventory and collection of the receivable.
• D) Costs that rise with increases in the level of investment in current assets.
• E) A forecast of cash receipts and disbursements for the next planning period.

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Definitions:

Gallons

A unit of measurement for volume primarily used in the United States to measure liquids, with 1 gallon equaling approximately 3.785 liters.

Utility Function

A mathematical representation used in economics to describe how the quantities of goods or services consumed lead to a level of consumer satisfaction or utility.

Whisky Consumption

Whisky Consumption refers to the amount of whisky that is consumed over a certain period, often considered in economic studies of consumer behavior and market demand.

Gallons

A unit of volume used primarily in the United States to measure liquids.