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Define the following terms and explain how each is affected by sales fluctuations: Days sales outstanding (DSO) - Aging schedule What are accruals? How much

  1. Define the following terms and explain how each is affected by sales fluctuations:

    • Days sales outstanding (DSO) -

    • Aging schedule

  2. What are accruals? How much control do managers have over accruals?

  3. Define each of the following terms

    • Trade credit

    • Free trade credit

    • Costly trade credit

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