Examlex
Which of the following explains why trade has increased worldwide, particularly since the early 1970s?
Cash Cycle
The period between the outlay of cash for goods and services and the cash recovery from sales.
Credit Sales
Sales made by a business where the payment is deferred to a later date, often involving credit terms.
COGS
Stands for Cost of Goods Sold and refers to the direct costs attributable to the production of the goods sold by a company.
Payables Turnover Rate
A liquidity metric that measures how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.
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