Following Are the Components of a Data Set Containing Purchase

question 27

Multiple Choice

Following are the components of a data set containing purchase details of a shoe manufacturing company. Identify the ratio data.

• A) Item Number
• B) Rank of suppliers
• C) Item cost
• D) Arrival Date

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Definitions:

Dishonoured Note

A promissory note that has not been paid by the issuer at its maturity date.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services already delivered or performed but not yet paid for.

Unpaid Interest

Interest on a loan or debt that has accrued but has not yet been paid by the borrower.

Managing Receivables

The process of overseeing and collecting amounts owed to a company by its customers to ensure timely payments and maintain healthy cash flows.