Explain what an accounting system does. What is a "real$-$world" example?

What is the days$$ payable outstanding ratio? Explain its use in assessing payments to suppliers.

Explain Internal Controls? Why is it important for a company to have a system of internal controls?

What is the days sales uncollected ratio? What does this metric tell you about a company, whose ratio is $45\%$ or lower? What does this metric tell you about a company, whose ratio is greater than $45\%$ or higher?Please ans