Determine the Value of Accounts Payable Given the Following Information

question 98

Multiple Choice

Determine the value of Accounts Payable given the following information: $$\begin{array} { | l | c | } \hline { \text { Data: } } & \\\hline \text { Average Irveritory } & 3,000.00 \\\hline \text { Average AR } & 5,000.00 \\\hline \text { Average AP } & ? \\\hline \text { sales } & 40,000.00 \\\hline \text { COGs } & 30,000.00 \\\hline \text { Cash Corversion Cycle } & 64.48 \\\hline \text { Irventory Period } & 36.50 \\\hline \text { Receivable Period } & 45.63 \\\hline\end{array}$$

• A)$4,450
• B)$3,450
• C)$2,450
• D)$1,450

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Definitions:

Ethnographic Research

A qualitative research method focused on studying cultures and communities through direct observation, participant observation, and other immersive techniques.

Transgendered Person

An individual whose gender identity or expression differs from what is typically associated with the sex they were assigned at birth.

Variety

The quality or state of being diverse or varied, offering a wide range of different options or elements.

Qualitative Research

A research method focusing on understanding phenomena through detailed, subjective descriptions and analysis rather than numerical data.