A Company with Accounts Payables of R35 000 and Cost

question 60

Multiple Choice

A company with accounts payables of R35 000 and cost of goods sold of R300 000 would have an average payment period of:

• A)24 days.
• B)32 days.
• C)43 days.
• D)The answer is not one of the above choices.

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Definitions:

Foreign Corporation

A company that is incorporated in one country but conducts business operations in another country where it is considered foreign.

International Shoe

A foundational legal case in personal jurisdiction law within the United States, establishing the "minimum contacts" standard.

Due Process Clause

A constitutional provision that guarantees fundamental fairness and reasonable treatment in legal and administrative proceedings.

Corporate Charter

A legal document that establishes a corporation and outlines its structure, rights, and responsibilities.