The ________ is the time period that elapses from the point when the firm makes the outlay to purchase raw materials on account to the point when payment is made to the supplier of the goods.
A)cash conversion cycle
B)operating cycle
C)average age of inventory
D)average collection period
E)none of the above

Question

Quizplus · Accepted Answer

The correct term for the time period described is the "accounts payable period," which is not listed among the options.

The ________ Is the Time Period That Elapses from the Point