Examlex
Which of the following is NOT included in the measure of M1?
Receivables
Funds that are owed to a company by its customers as a result of the sale of goods or services on credit.
Sales
The total amount of goods or services sold by a business, contributing to its revenue.
Average Payables Period
A financial metric that calculates the average number of days it takes a company to pay its vendors and suppliers.
Account Payables
Accounts payable refers to short-term financial obligations or debts a company owes to its suppliers or creditors for goods and services received.
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