____________________Is the Application of Computer and Information Technologies to Financial

question 72

Multiple Choice

____________________is the application of computer and information technologies to financial transactions and services.

• A)The payments mechanism
• B)An electronic funds transfer system
• C)A retail sweep account
• D)Point-of-sale terminal

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Definitions:

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing sales to total assets.

Average Sale Period

The time it takes to convert your inventory into sales, usually expressed in days.

Average Sale Period

The average sale period is the average time taken to convert inventory into sales, often used to assess the efficiency of a business's inventory management.

Average Collection Period

The average time it takes for a company to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.