ABNORMAL ITEMS see EXTRAORDINARY ITEMS.
SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.
AVERAGE PAYMENT PERIOD (APP) is the number of days an entity takes to pay off credit purchases. As the average payment period increases, cash should increase as well, but working capital will remain the same. Formula: accounts payable / (total annual purchases / 360).
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