Credit Sales = $175,000 COGS = $125,000
How many days are in the payables period?
A) 21 days
B) 24 days
C) 28 days
D) 35 days
E) 41 days
Correct Answer:
Verified
Q183: Blackberry, Inc. had sales for the past
Q184: Webster, Inc. has sales of $267,000, costs
Q185: Symphony Instruments, Inc. has sales of $760,000
Q189: What is the accounts payable period?
A) 28
Q189: A firm has an inventory turnover rate
Q191: Blackberry, Inc. had sales for the past
Q193: Your firm factors its accounts receivable immediately
Q195: Evans, Inc. has an inventory period of
Q196: Weavers, Inc. has an inventory turnover of
Q200: Tippler, Inc. has sales of $468,000, average
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents