Solved

Match the Term with Its Definition

Question 101

Matching

Match the term with its definition. Some terms may not be used.

Premises:
Accounts receivable used as collateral for a loan
The time required to convert paid-for inventory and accounts receivable into cash
The management of current assets and current liabilities
The number of days, on average, that a firm extends credit to its customers
The number of days, on average, that a company holds inventory
The number of days, on average, that a business takes to pay its accounts payable
A post office box for receiving remittances from customers
Responses:
Days sales outstanding
Days in inventory
Days in payables
Lock box
Working capital management
Cost of capital
Cash conversion period
Pledged accounts receivable

Correct Answer:

Days sales outstanding
Days in inventory
Days in payables
Lock box
Working capital management
Cost of capital
Cash conversion period
Pledged accounts receivable
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