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Match the Following: -Team

question 14

Multiple Choice

Match the following:
-Team


Definitions:

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.

Cash Collections

The process of gathering and managing the cash received from customers or clients.

Collect

The act of receiving or gathering something, often referring to the collection of payments or receivables in a business context.

Sales

The total amount of goods or services sold by a company within a specific period, contributing to its revenue.

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