A Company with Accounts Payable of $35,000 and Cost of Goods

question 23

Multiple Choice

A company with accounts payable of $35,000 and cost of goods sold of $300,000 would have days in payables of _____ days.

• A) 24
• B) 32
• C) 43
• D) 27

Analyze the relationship between substitutes and complements in determining market outcomes.

Interpret the impact of external factors such as weather, income changes, and government interventions on market equilibrium.

Predict the effects of supply and demand shifts on the equilibrium price and quantity in graphical representations.

Examine the role of government regulations and their impact on market supply, demand, and prices.

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