The Length of Time Between the Sale of Inventory and the Collection

question 96

Multiple Choice

The length of time between the sale of inventory and the collection of cash from receivables is called the:

• A) operating cycle.
• B) inventory period.
• C) accounts receivable period.
• D) accounts payable period.
• E) cash cyclE.

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Definitions:

Detailed Cost Estimates

An in-depth prediction of the likely costs of a project, based on detailed information and analysis.

Estimate At Completion

A forecasting tool used in project management to predict the total cost of a project at its completion.

Budgeted Cost

The estimated financial expenditure for a project, activity, or operation, typically set during the planning phase.

Planned Value

In project management, it represents the estimated monetary value of the work planned to be done on a project at a given point in time.