Examlex
Describe the three goals of diversity initiatives.
Inventory Conversion Period
The average length of time to convert materials into finished goods and then to sell them; calculated by dividing total inventory by sales per day.
Operating Cycle
The Operating Cycle is the period of time it takes for a business to purchase inventory, sell products, and convert the sales into cash, reflecting the efficiency with which a company manages its core operations.
Cash
Money in the form of coins or banknotes, especially that issued by a government.
Accruals
Accounting adjustments for revenues that have been earned but not yet recorded, and expenses that have been incurred but not yet recorded.
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