Asked by DYLAN HOLLOWAY on Apr 29, 2024
Verified
Provide a definition for the term accounts payable period.
Accounts Payable Period
This is the average number of days it takes for a business to pay its invoices from suppliers and vendors, indicating the efficiency of its payables management.
- Understand the importance of the accounts payable period in regulating cash flows.
Verified Answer
JB
Learning Objectives
- Understand the importance of the accounts payable period in regulating cash flows.
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