If It Takes 45 Days to Sell Inventory,30 Days to Collect

question 4

True/False

If it takes 45 days to sell inventory,30 days to collect for the sale,and creditors' payment terms are 60 days,the financing period is 135 days.

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Definitions:

High-speed Memory

Memory modules capable of fast data transfer rates, significantly enhancing computing performance.

Secondary Storage

Non-volatile storage that keeps data persistently saved even when not in active use, such as hard drives, SSDs, or cloud storage.

Tertiary Storage

A form of data storage that typically involves removable media with high capacity, used for archiving or backup purposes.

Quaternary Storage

A type of data storage system designed to store large volumes of data using optical or magnetic technology, often for archival purposes.