The Time Between the Payment for Inventory and the Receipt

question 44

Multiple Choice

The time between the payment for inventory and the receipt of cash from the sale of that inventory is called the:

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

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Definitions:

Neurotransmitters

Chemicals that carry signals over the gap between synapses in the brain.

Synapses

The junctions at which neurons communicate with each other through neurotransmitters.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions and processes.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.