Generally,the Longer the Normal Inventory Holding Period of Customers,the Longer

question 82

True/False

Generally,the longer the normal inventory holding period of customers,the longer the credit period.One effect of lengthening the credit period to match the customer's merchandise holding period is to increase the payables deferral period,which shortens the customer's cash conversion cycle.

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Definitions:

Missouri Compromise

An agreement passed in 1820 allowing Missouri to enter the Union as a slave state and Maine as a free state, establishing a precedent for the future admission of states in pairs.

Thomas Jefferson

The third President of the United States (1801-1809) known for authoring the Declaration of Independence and for his contributions to the founding principles of the United States.

Statehood

The status of being recognized as an independent nation or the admission of a territory as a state within the United States.

War of 1812

A military conflict between the United States and Great Britain from 1812 to 1815, largely resulting from issues related to trade restrictions and impressment of American sailors.