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

Question

Quizplus · Accepted Answer

The average payment period is the time period between when a firm purchases raw materials on account and when it pays the supplier.

The ________ Is the Time Period That Elapses from the Point