WORK CENTER Definition

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WORK CENTER, normally, is an individual production area or sub-process of an overall manufacturing process.

Learn new Accounting Terms

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).

DISCRETIONARY BUDGETING see DISCRETIONARY SPENDING.

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