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If Accounts Receivable Are Collected More Rapidly, the Average Collection

question 44

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If accounts receivable are collected more rapidly, the average collection period (days sales outstanding)is reduced.


Definitions:

Calculated Control

In database applications, a calculated control refers to a form or report object that displays a value resulting from a calculation involving one or more fields.

Query Design Grid

A tool within database software that helps users visually construct queries.

Report Design View

A feature in database applications that allows users to create and modify report layouts in a design interface.

Field List

A component or pane within database and spreadsheet software that displays all the fields available for a given table or query.

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