Red ________________________ Indicate That One of the Referenced Cells Contains

question 48

Short Answer

Red ________________________ indicate that one of the referenced cells contains an error.

---

Definitions:

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.