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.
yes , boat efficiency is important because it saves many resources
Between efficiency and effectiveness which one is more important for performance
effectiveness
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.
effectiveness
because it just is
both are most important for an organization
it is major factor in nation's wealth
effectiveness
it is major factor in nation's wealth
It depends what you use more, A/C or heat. The SEER rating pertains to cooling efficiency. The HSPF pertains to heating efficiency.
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.