BEC Financial Management Review 9

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Joens1313
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300237
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BEC Financial Management Review 9
Updated:
2015-04-08 01:00:40
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BEC Financial Management Review
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BEC Financial Management Review 9
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  1. What are Credit Standards?
    Credit Standards are financial attributes of customers to which an entity chooses to give credit.
  2. -------------------------are financial attributes of customers to which an entity chooses to give credit.
    Credit Standards are financial attributes of customers to which an entity chooses to give credit.
  3. What is Credit Quality?
    Credit Quality usually is described in terms of probability of default.
  4. ------------------------- usually is described in terms of probability of default.
    Credit Quality usually is described in terms of probability of default.
  5. What is a credit period?
    a credit period is the duration or length of time an entity elects to extend credit.
  6. a ------------------- is the duration or length of time an entity elects to extend credit.
    a credit period is the duration or length of time an entity elects to extend credit.
  7. an ------------------------ highlights overdue accounts providing a simple means of evaluating the quality of A/R
    an aging schedule highlights overdue accounts providing a simple means of evaluating the quality of A/R
  8. What does EOQ stand for?
    Economic Order Quantity
  9. What is Economic Order Quantity?
    The economic order quantity is the purchase order size that minimizes the total of inventory order cost and inventory carrying costs.
  10. The ------------------------------- is the purchase order size that minimizes the total of inventory order cost and inventory carrying costs.
    The economic order quantity is the purchase order size that minimizes the total of inventory order cost and inventory carrying costs.
  11. ------------------ is the time lag between placing an order and the receipt of the goods.
    lead time is the time lag between placing an order and the receipt of the goods.
  12. Extra inventory kept on hand to avoid the possibility of a out of stock item is known as a safety stock.
    Extra inventory kept on hand to avoid the possibility of a out of stock item is known as a -------------------.

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