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What is trustworthiness? Explain how employees can gauge the "track record" of their supervisors.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the normal operating cycle, whichever is longer.
Accounts Receivable Period
The average amount of time that it takes for a company to receive payments owed by its customers.
Calendar Year
The period from January 1st to December 31st, used for financial and administrative purposes.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to obtain immediate cash.
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