Expendable Items Are Items That ____

question 20

Multiple Choice

Expendable items are items that ____.

• A) are used once and then must be restocked
• B) can be used indefinitely with appropriate sanitization
• C) can be restored and then reused
• D) are not necessary for most medical offices
• E) are ordered only once for each new medical office

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Definitions:

Credit Sales

Transactions where goods or services are sold by a company with payment to be received at a later date.

Operating Cycle

The duration between a company's purchase of inventory and the receipt of cash from accounts receivable.

Accounts Receivable Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services provided.

Inventory Period

The average time that inventory is held before it is sold or used in production.