Firm X Has an Accounts Payable Period of 38 and a Costs

question 26

Multiple Choice

Firm X has an accounts payable period of 38 and a costs of goods sold of $7,500.Calculate the Average payables.

• A) 780.44
• B) 197.37
• C) 835.64
• D) 217.26
• E) 694.61

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Definitions:

Synthetic Manufacturing

The process of producing materials, chemicals, or products using chemical synthesis rather than natural sourcing.

Firm's Revenue

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Inventory

The total amount of goods and materials held by a business intended for sale or production.

Scheduling

The process of planning and organizing tasks or events by assigning them to specific times or periods.