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Which Sentence Is Expressed Correctly

question 35

Multiple Choice

Which sentence is expressed correctly?


Definitions:

Ending Accounts Receivable

The amount owing to a business for merchandise or services sold on credit at the end of an accounting period.

Inventory Turnover

A metric that indicates the frequency at which a company's stock is sold and replenished within a certain timeframe, highlighting the effectiveness of managing inventory.

Average Sale Period

The average time it takes for a company to convert its inventory into sales, often used in analyzing a company's efficiency.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including the cost of the materials and labor directly used to create the good.

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