At One Time, minicomputers Were Smaller,less Expensive,and Less Powerful Computers

question 106

True/False

At one time, minicomputers were smaller,less expensive,and less powerful computers that were able,nevertheless,to support multiple users and run business software._________________________

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Definitions:

Average Sale Period

estimates the average time it takes for a company to sell its inventory.

Accounts Receivable Turnover

A financial metric that measures how often a company collects its receivables over a time period.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a specific period, helping assess efficiency in managing inventory levels.

Accounts Receivable Turnover Ratio

A financial metric indicating how effectively a company extends credit and collects debts on that credit; calculated by dividing net credit sales by average accounts receivable.