Examlex
A type of noncontinuous exchange trading system is crowd trading.
Inventory Period
The time span between the acquisition of inventory and its sale, crucial for managing inventory efficiency and cash flow.
Credit Sales
Transactions where goods or services are sold and payment is deferred to a future date, typically involving the issuance of an invoice.
COGS
COGS, or Cost of Goods Sold, represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Payables Turnover Rate
An efficiency ratio that measures how quickly a company pays off its suppliers, calculated as cost of goods sold divided by average accounts payable.
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