The Mountain Top Shoppe Has Sales of $828,000, Average Accounts

question 79

Multiple Choice

The Mountain Top Shoppe has sales of $828,000, average accounts receivable of $64,100 and average accounts payable of $72,700. The cost of goods sold is equivalent to 68 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppliers?

• A) 69.31 days
• B) 68.38 days
• C) 47.13 days
• D) 35.89 days
• E) 36.97 days

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Definitions:

Rock Avalanche

High-velocity, turbulent flow of rock, sediment, and soil that results from the collapse of a steep mountain front.

Debris Slide

The downslope movement of soil, weathered sediment, or other unconsolidated material, partly as a sliding, coherent mass and partly by internal shearing and flow.

Rotational Slide

A type of landslide involving the rotational movement of rock or soil along a curved surface, typically caused by the undercutting of a slope or the saturation of soil.

Debris Avalanche

A high-velocity flow of soil, sediment, and rock, commonly from the collapse of a steep mountainside.