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This ratio looks at how long it takes for the business to get back the money it is owned. Average collection period for accounts receivable reveals the average number of days it takes for a company to collect its credit accounts from its customers. Therefore, a business prefers a shorter average settlement period. The number of days has been same in both the years.
What else can I help you with?
Explain why the efficiency of a boat is important?
yes , boat efficiency is important because it saves many resources
What is the Meaning of management efficiency and effectiveness?
Between efficiency and effectiveness which one is more important for performance
What is more important efficiency or effectiveness?
effectiveness
How do you answer 'Is creativity or efficiency more important' in a job interview?
Both are important. Since generating income or profit is essential to a business concern efficiency is paramount. However, if a company fails to be creative and innovative efficiency will eventually be diminished.
What is most important for the organization efficiency or effectiveness?
effectiveness
Why is the efficiency of a boat so important?
because it just is
In todays environment what is more important to organization efficiency or effectiveness?
both are most important for an organization
Why is the economic efficiency of economies important?
it is major factor in nation's wealth
In managing time what is ultimately more important than efficiency?
effectiveness
Why is the economic efficiency of market economies important?
it is major factor in nation's wealth
Is seer or hspf more important?
It depends what you use more, A/C or heat. The SEER rating pertains to cooling efficiency. The HSPF pertains to heating efficiency.
Why is improved efficiency important?
Improved efficiency is important because it helps organizations save time and resources, leading to cost savings and increased productivity. It also allows businesses to better meet customer needs and stay competitive in the market. Overall, improved efficiency can lead to higher profitability and sustainability of the organization.
