Secondary Data Are Gathered from a Variety of Sources Such

question 87

True/False

Secondary data are gathered from a variety of sources such as warranty cards, vehicle registrations, government agencies, and accounts receivables.

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Definitions:

Average Collection Period

The average time it takes for a company to receive payments from its customers.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects its receivables or the credit it extends to customers.

Accounts Receivable Turnover

A financial ratio indicating how quickly a company collects cash from credit sales by measuring the number of times accounts receivable are collected during a period.

Average Collection Period

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