Year Average Credit Sales = $180,000

question 24

Multiple Choice

Year Average Credit Sales = $180,000
COGS = $135,000
How many days are in the payables period?

• A) 11 days
• B) 20 days
• C) 22 days
• D) 25 days
• E) 30 days

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Definitions:

Certified Mail

A postal service that provides the sender with a mailing receipt and electronic verification that an item was delivered or an attempt was made.

E-mail

A method of exchanging digital messages across the Internet or other computer networks.

Substituted Service

A legal method of serving court documents when direct service to the defendant or respondent is not possible, typically involving leaving documents with another person or at a specified location.

E-service

Refers to electronic service, which is the provision of services via the internet or an electronic network.