xthelamppostx7630 xthelamppostx7630
  • 02-07-2021
  • Business
contestada

Find the average payment period if accounts payable is $20,000, cost of goods sold is $200,000, and sales are $500,000.

Respuesta :

Ritmeks
Ritmeks Ritmeks
  • 07-07-2021

Answer:

36.5

Explanation:

Account payable = $20,000

The cost of goods sold is $200,000

Sales are $500,000

The average payment period can be calculated as follows

= 20,000/200,000/365

°= 20,000/547.9

36.5

Henbe the average payment period is 36.5

Answer Link

Otras preguntas

how were different United States regions linked economically?
Which British poet of the Romantic movement found inspiration in England's Lake District? A. Johann Wolfgang von Goethe B. William Wordsworth C. Lord Byron D. J
will amplitude change if the pitch gets louder
the ratio of blue marbles to red marbles in a bag is 11:9. if there are 99 blue marbles in the bag how many marbles are red?
what us an open attack, usually armed
Mrs.Miller is reading a book that has 628 pages in it. She is planning on reading 25 pages each night. How many nights will it take her to finish the book? How
Today, there are between _____ languages spoken on Earth.
the newspaper reported that 134.8 million viewers watched the Super Bowl. Write the number of viewers in standard form
3x + 2 >= 11 I need to understand how to do it on a number line.
What does "I have a soul of lead" mean in shakespeare?