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

Which of the following is true about Estruscan culture? (Ancient Rome) A) The Romans destroyed it entirely in a revolt. B) It was a foundation for the republic.
Rearrange x=3g+2 to make g the subject
Solve each equation by graphing. Round to the nearest tenth. 6x^2+18x=0
A five sided park is placed on the grid with four of its corners have coordinates (1,5), (5,5) ,(1,9) and (5,9). What could be the coordinates of the fifth corn
A recipe for one batch of muffins included 2/3 cup of raisins.Vita made 2 1/2 batches of muffins. How many cups of raisins did she use?
What did the "New Negro" symbolize?
what is that value of 8/15÷(-0.32)
What is five times three hundred
which array represents 4x19?
Which sentence uses the word whose correctly? 1. Whose the best person to serve as president of the Youth in Government Club? 2. My uncle, whose chief deputy of