Glossary
- Accounts payable
The credit suppliers extend to the firm when it purchases items for its inventories.
- Accounts payable deferral period
The average period of time the firm uses to repay its trade creditors.
- Accounts receivable
Credit sales that have not yet been collected.
- Accounts receivable turnover ratio
The number of times that accounts receivable are rolled over each year.
- Accredited investor
An investor who is permitted to invest in certain types of higher-risk investments. Accredited investors include wealthy individuals, corporations, endowments, and retirement plans.
- Accumulated depreciation
The sum of all depreciation expenses that have been deducted from the firm’s income statement in previous periods for the plant and equipment ...
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