Which of the Following Statements About Accounts Payable Is NOT

question 33

Multiple Choice

Which of the following statements about accounts payable is NOT true?

• A) They are usually due within 30 to 60 days.
• B) They normally carry implicit interest charges.
• C) There may be a penalty for late payment.
• D) They are typically used to finance inventory purchases.

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Definitions:

Injury

Physical harm or damage to someone's body caused by an accident or an act of violence.

Marginal Benefit

The supplementary value obtained from the consumption of an extra unit of a good or service.

Optimal Quantity

The ideal amount of a good or service that maximizes efficiency or utility, taking into account costs and benefits.

Marginal Curve

Refers to graphs like the marginal cost curve or marginal revenue curve, which show how the cost or revenue changes with an additional unit of output.