The length of time that elapses between the day a firm purchases an inventory item and the day that item sells is called the ___

Question

Digiron [165]

3 years ago

15

The length of time that elapses between the day a firm purchases an inventory item and the day that item sells is called the ___

_____.

Business

1 answer:

Lana71 [14] · Answer 1 · 2022-04-08T20:22:57+03:00

Answer:

inventory period

Explanation:

According to my research on different financial terminology, I can say that based on the information provided within the question this time lapse is called the inventory period. Like mentioned in the question this is the number of days inventory is held, calculated by subtracting the sale date from the day of purchase.

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