ACCOUNTS RECEIVABLE TURNOVER is the ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills.
YIELD CURVE, in investments, is a graph depicting the change in yield as it relates to the time to maturity of a fixed income security. A parallel yield curve shift refers to a change in interest rates that is the same at every maturity point along the yield curve, e.g., when short-term rates rise 100 basis points, intermediate and long-term rates also rise 100 basis points.
COST OF DEBT is interest rate times 1 minus the marginal tax rate (because interest is a tax deduction). An increase in the tax rate decreases the cost of debt.
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