Question define each of the following termsa working, Ask an Expert

Accounting

Question: Define each of the following terms:

a. Working capital; net working capital; net operating working capital

b. Inventory conversion period; receivables collection period; payables deferral period; cash conversion cycle

c. Relaxed NOWC policy; restricted NOWC policy; moderate NOWC policy

d. Transactions balance; compensating balance; precautionary balance

e. Cash budget; target cash balance

f. Trade discounts

g. Account receivable; days sales outstanding; aging schedule

h. Credit policy; credit period; credit standards; collection policy; cash discounts

i. Permanent NOWC; temporary NOWC

j. Moderate short-term financing policy; aggressive short-term financing policy; conservative short-term financing policy

k. Maturity matching, or "self-liquidating," approach

l. Accruals

m.Trade credit; stretching accounts payable; free trade credit; costly trade credit

n. Promissory note; line of credit; revolving credit agreement o. Commercial paper; secured loan

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92334143

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