Asked by Brit'Ney McCoy on May 12, 2024
Verified
Provide a definition for the term cash cycle.
Cash Cycle
The period between the outlay of cash for the purchase of inventory and the receipt of cash from accounts receivable, reflecting how quickly a company can convert its products into cash through sales.
- Elucidate on the operational cycle and cash cycle, along with their effects on the operations of a business.
Verified Answer
DS
Learning Objectives
- Elucidate on the operational cycle and cash cycle, along with their effects on the operations of a business.