Examlex
_____ is a form of business that combines and transforms resources into tangible outcomes that are then sold to others.
Accounts Payable Turnover
A financial efficiency ratio that measures how quickly a firm pays off its suppliers by dividing total purchases by average accounts payable.
Times
This term in a financial context often relates to ratios, such as the "times interest earned" ratio, which measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.
Compensating Balance
A minimum account balance that a borrower must maintain as a condition for a bank loan, often to compensate the bank for extending credit.
Interest Rate
Interest Rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
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