What Is a Geocoin

question 256

Multiple Choice

What is a geocoin?

• A)A device that measures the acceleration (the rate of change of velocity)of an item and is used to track truck speeds or taxi cab speeds.
• B)An east/west measurement of position.
• C)A north/south measurement of position.
• D)A round coin-sized object, is uniquely numbered and hidden in geocache.

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Definitions:

Accounts Receivable Period

The accounts receivable period is the average number of days it takes for a company to collect payments owed by its customers after a sale has been made.

Expected Sales

The projected amount of sales that a company anticipates to achieve within a specific period.

Average Collection Period

The average number of days it takes a company to receive payment after a sale has been made.

Operating Cycle

The period between the acquisition of inventory and the collection of receivable generated from sales, reflecting how long it takes for a business to convert its inventory into cash.