Examlex
A company's management information system is a subsystem of its accounting information system.
Cash Cycle
The duration of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
Credit Sales
Transactions where goods or services are sold by a company with payment to be received at a later date.
Operating Cycle
The duration between a company's purchase of inventory and the receipt of cash from accounts receivable.
Accounts Receivable Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services provided.
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