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

Jaime BermudezApr 30, 2024

Final Answer :

The time between receipt of inventory and payment for it.

Learning Objectives

Understand the importance of the accounts payable period in regulating cash flows.

Provide a definition for the term accounts payable period.

Definitions

Learning Objectives

Learning Objectives

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