Containerships Are Built Specifically for the Purpose of Moving

question 35

Multiple Choice

Containerships are built specifically for the purpose of moving:

• A) 20 and 30 feet containers
• B) 30 and 40 feet containers
• C) 30 and 53 feet containers
• D) 20 and 40 feet containers

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Definitions:

Receivables

Funds that are owed to a company by its customers as a result of the sale of goods or services on credit.

Sales

The total amount of goods or services sold by a business, contributing to its revenue.

Average Payables Period

A financial metric that calculates the average number of days it takes a company to pay its vendors and suppliers.

Account Payables

Accounts payable refers to short-term financial obligations or debts a company owes to its suppliers or creditors for goods and services received.