Examlex
What does the author mean by conversions from the top down?
COGS
Cost of Goods Sold; the direct costs attributable to the production of the goods sold by a company.
Operating Cycle
The duration between the acquisition of inventory and the collection of cash from receivable accounts in a company's business process.
Collection Period
The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.
Sales
The total amount of revenue generated by a company from the sale of goods or services before any costs or expenses are deducted.
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