If It Takes 30 Days to Sell Inventory,60 Days to Collect

question 26

True/False

If it takes 30 days to sell inventory,60 days to collect for the sale,and creditors' terms are 10 days,the financing period is 80 days.

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Definitions:

Database

A structured collection of data that is stored and accessed electronically from a computer system.

Navigation Pane

A component of a graphical user interface that allows users to locate and manage the hierarchy of their files, folders, or other data elements.

Database Object

A data structure, such as a table, view, sequence, or index, used to store and organize data in a database.

Delete

To remove or erase text, files, or other data from a digital device or document.