LoDo, Inc Has Sales of $642,000 and Average Accounts Payable of of $36,400

question 338

Multiple Choice

LoDo, Inc. has sales of $642,000 and average accounts payable 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:

Wavelength

The distance between successive crests of a wave, usually used in the context of electromagnetic waves.

Amplitude

The magnitude or extent of change in a variable, often used in the context of waves to describe their height or intensity.

Visual Cortex

The part of the cerebral cortex that processes visual information, located in the occipital lobe of the brain.

Auditory Cortex

The region of the brain that is responsible for processing auditory information.