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Counselors should know that the period between the ages of 15 and 24 is
Operating Cycle
A measure of the time it takes for a business to purchase inventory, sell products, and convert sales into cash.
Invoice Date
This is the date on which an invoice is issued, marking the point when the seller officially requests payment from the buyer for goods or services provided.
Terms of Sale
Conditions agreed upon by a buyer and seller regarding the purchase, including payment and delivery conditions.
Credit Analysis
The process of determining the probability that customers will or will not pay.
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