Examlex
How has the Information Revolution changed the nature of work and the economy?
Average Collection Period
The average number of days it takes for a company to receive payments owed by its customers.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Sales
The total revenue a company generates from selling goods, services, or both, within a specific period.
Average Collection Period
The average amount of time it takes for a company to receive payments owed by its customers for goods or services sold on credit.
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