LoDo Has Sales of £642,000 and Average Trade Payables of £36,400.The

question 23

Multiple Choice

LoDo has sales of £642,000 and average trade payables of £36,400.The cost of goods sold is equivalent to 65% of sales.How long does it take LoDo to pay its suppliers?

• A)11.46 days.
• B)13.45 days.
• C)20.69 days.
• D)26.18 days.
• E)31.84 days.

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Definitions:

Fraternity Members

Individuals who are members of a fraternity, which is a brotherhood, typically associated with a college or university.

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Researchers who study how evolutionary principles such as natural selection have shaped human psychology and behavior over time.

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Generalized beliefs about a specific group of people that cast them in a negative light, often leading to prejudice and discrimination.

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